Markel's goal is to
compound book value per share at a high rate over a long period of time.
Not exact matches
Over the last 52 years (that is, since present management took over),
per -
share book value has grown from $ 19 to $ 172,108, a rate of 19 %
compounded annually.»
Over the last 53 years (that is, since present management took over),
per share book value has grown from $ 19 to $ 211,750, a rate of 19.1 %
compounded annually»
First, they have done a fantastic job of
compounding book value per common
share, which is my favorite proxy for intrinsic
value.
Fully convertible
book value per share assumes that you invest your dividends in the common stock (without taxation), and thus
compound your gains through reinvestment, taking account of dilution.