Markel 1Q15 Earnings Call Notes

If we were really clever we could probably do something that would increase the yield on our short term portfolio, but we’re not that smart

“Finally I’m sure that if we were really smart and clever we could find some alternative investment approach that would increase the yield on our short term portfolio from essentially nothing to something more than that. We’re not that clever or smart, so we won’t try to perform that sort of alchemy. We’ve seen enough of those experiments end badly to dissuade us from going down that path.’