Although the stock market is near all-time highs, and its cyclically adjusted price-to-earnings (P/E) ratio is close to the dot-com peak, it is still possible to find attractive value stocks. Since it's nearly impossible to time the market, buying a consistent compounder at a fair valuation is a better strategy than waiting for a crash.
That's where Markel (NYSE: MKL) comes in. The specialty insurer has been compared to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) because it uses insurance premiums to invest in stocks and acquire businesses.
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Don't Wait for the Market Crash to Buy This Value Stock