Leucadia has always been a fascinating company to me in that its founders’ Ian Cumming and Joseph Steinberg, have established a company with an extraordinary track record of building shareholder value with a wide variety of obscure businesses.  Now, Cumming and Steinberg have stepped down and the company is being led by Richard Handler and...Read More

As a passionate student of all types of history, I’ve gained tremendous insight from studying the business and investment experiences of the most successful professionals.  There is no need to reinvent the wheel, nor veer from the core value investing framework that has made these people so incredibly successful.  Leucadia (LUK) is a company that...Read More

It doesn’t get much better than Lecuadia (LUK) when it comes to value investing.  These low profile investors have bought and sold a variety of different businesses in different industries and during the process have accumulated one of the best track records in the business.  Between 1979-2011 they have compounded book value by 19.1%.  This...Read More