MR
Specialty insurance
Meridian Mutual
Disciplined underwriting with a growing float.
FOUNDING SHAREHOLDER WINDOW IS OPENREAD THE LETTER
A HOLDING COMPANY, HELD BY PEOPLE.
OWN THE
COMPOUNDING
MACHINE.
One share. A carefully built collection of enduring businesses. A very long horizon.
EXPLORE THE COMPANYPBK / ONE SHARE INDICATIVE
INDICATIVE NAV$118.42
BOOK VALUE / SHARE$104.18
5Y COMPOUNDING14.8%
OUR OPERATING IDEA
We buy pieces of excellent businesses. We let their people do excellent work. Then we try very hard not to interrupt the mathematics.
THE SHORT VERSIONQuality × Time
INSIDE THE COMPANY
OUR BOOK
Not a fund. Not a theme. A deliberately small collection of businesses we would be happy to own if the market closed for a decade.
Illustrative portfolio for product demonstration only. Not a solicitation or investment recommendation.
WHAT EARNS A PLACE
THE FOUR
FILTERS
ENDURING DEMAND
We prefer businesses people will still need in twenty years.
HONEST OPERATORS
We partner with managers who think in decades, not quarters.
SENSIBLE PRICES
A wonderful company can still be a poor investment at the wrong price.
ROOM TO BREATHE
Cash is not an embarrassment. It is optionality waiting patiently.
THE PATIENT ADVANTAGE
TIME DOES
THE HEAVY
LIFTING.
Move the starting amount. The curve shows a hypothetical ten-year outcome at 10% annual compounding—before fees, taxes, and reality.
STARTING WITH$2,500
HYPOTHETICAL YEAR 10$6,484
NOWYEAR 5YEAR 10
$500$25,000
FROM THE DESK
LETTERS TO
OUR OWNERS
001 / AUG 2026Why we are building a company, not a product
Products are optimized for attention. Companies are optimized for endurance. Pocket Berkshire is designed around permanent capital, plain-language reporting, and owners who measure progress in years.
002 / JUL 2026The temperament premium
Information is abundant. Patience remains scarce. Our edge, if we earn one, will come from behaving sensibly when sensible behavior is temporarily unpopular.
003 / JUN 2026What we will never own
We avoid what we cannot understand, what depends on heroic forecasts, and what asks us to ignore incentives. A short exclusion list can be more useful than a long watchlist.
PBLONG HORIZON · PLAIN WORDS · ALIGNED CAPITAL ·
ONE SHARE IS ENOUGH TO BEGIN