{"version":"1.2.0","chapters":[{"startTime":65,"title":"MITIMCO's message"},{"startTime":126,"title":"3 songs for Markel"},{"startTime":325,"title":"2020"},{"startTime":400,"title":"The capital raise in May 2020"},{"startTime":481,"title":"Measures for success"},{"startTime":716,"title":"Key metrics for measuring Markel's success"},{"startTime":898,"title":"Topics that move Tom Gayner"},{"startTime":1107,"title":"Examples"},{"startTime":1166,"title":"Changes in the use and perception of investment concepts"},{"startTime":1422,"title":"Owning Amazon"},{"startTime":1540,"title":"Where does the money for the portfolio come from?"},{"startTime":1765,"title":"Freedom in Markel's cash allocation"},{"startTime":1891,"title":"The insurance business - The bullish and bearish parts"},{"startTime":1960,"title":"Competitors in insurance"},{"startTime":2067,"title":"The Tesla cooperation"},{"startTime":2114,"title":"The impact of climate change"},{"startTime":2257,"title":"The impact of low interest rates"},{"startTime":2300,"title":"The way to decide between inside and outside investing"},{"startTime":2663,"title":"The capital allocation framework"},{"startTime":2785,"title":"Decide between different buckets"},{"startTime":2995,"title":"Factors to invest in people outside of Markel"},{"startTime":3094,"title":"Markel ventures"},{"startTime":3266,"title":"What businesses of Markel ventures are especially interesting?"},{"startTime":3371,"title":"Everyday life businesses"},{"startTime":3480,"title":"Learning in public and private markets"},{"startTime":3629,"title":"Getting better as investor"},{"startTime":3788,"title":"The climate in public vs private markets"},{"startTime":3914,"title":"Attractive niches"},{"startTime":4031,"title":"Why Tom wants people back"},{"startTime":4127,"title":"Buybacks"},{"startTime":4164,"title":"Why over 100 positions?"},{"startTime":4629,"title":"Keeping focus with the portfolio"},{"startTime":4687,"title":"Signal vs noise in the portfolio"},{"startTime":4768,"title":"Who does influence Markel's portfolio?"},{"startTime":4892,"title":"Smaller and bigger positions"},{"startTime":5096,"title":"Selling Carmaxx"},{"startTime":5156,"title":"The outcome from the trip to India"},{"startTime":5347,"title":"India's influence on the portfolio"},{"startTime":5450,"title":"Final remarks"}]}