According to Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) recent regulatory filings, the conglomerate owns nearly 50 different stocks in its closely watched portfolio. They are in several different industries, ranging from banking to software and everything in between. And many (especially the larger positions) were hand-picked by legendary investor Warren Buffett himself.

However, while I own several of the stocks in Berkshire's portfolio, the one I'm most excited about happens to be the one whose business model is closest to Berkshire's -- Markel (NYSE: MKL).

At its core, Markel is an insurance company. It primarily writes specialty insurance policies, which is known as excess and surplus (E) insurance in industry terms. In short, Markel's insurance policies cover unusual situations, high-risk businesses, and difficult-to-gauge risks.

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Source Fool.com