$Mastercard(MA.US) and $Markel(MKL.US) barely moved at all, just staying flat throughout the day.
The common ground between payment networks and specialty insurance businesses is stable cash flow and low volatility, making them particularly inconspicuous on days when the broader market surges. Holding these assets feels like holding a long-term bond—you don't need to watch the tape, and it won't give you any surprises 🙃
If we're talking about risks, it's actually when market risk appetite continues to expand that the relative returns of such assets get slowly eroded.
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