The Ledger
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Markel Liquidated Its Citigroup Position at $26 Ahead of the 2008 Crash
“We were not large shareholders of Citicorp, but we did own some and maybe our cost in it was 50 bucks and it was seven times earnings and yielding five percent or something like that... And as the crisis began to develop, I think at 26, I sold the entire posit…”