Money and Finance
- Pershing Square Q2 Letter
Link to: Pershing Square Q2 Letter Pershing Square – Reflections After Ten Years We began investing capital January 1st, 2004 in partnership with a subsidiary of Leucadia National Corp. (NYSE:LUK) which invested $50 million in Pershing Square, L.P....
- Upstart Managers School Sage Of Omaha
The pupils are beating the master at Warren Buffett-led Berkshire Hathaway Inc. Two investment managers, hired by the 83-year-old billionaire in recent years as part of his succession plan, each posted returns last year that outdid both Mr. Buffett's...
- Leucadia's Unmined Potential
LEUCADIA NATIONAL MAY BE THE CLOSEST THING to what Berkshire Hathaway was 20 years ago, before Berkshire became so large that Warren Buffett needed investments of several billion dollars to move the needle.-Run for 30 years by a secretive duo, Ian Cumming...
- Dividend Update - April 2013
With the books closed on April it's time for another installment of my favorite monthly update, the dividend update. April was far from setting a personal record for dividends received but it was still well up over January 2013 and April 2012 more...
- A Great Time To Go Hunting For Dividends
The market downturn this past week -- indeed, over the past month -- has reignited my interest in buying stocks, and particularly dividend payers. Stocks were in general looking a bit expensive earlier in 2012 and I struggled to find many good opportunities....
Money and Finance
Leucadia 2012 Letter to Shareholders
The Last Hurrah
Forty-three years ago, the two of us met at Harvard Business School and thirty-five years ago was the beginning of a remarkable partnership — the results of which are tabulated on the opposite page. The end of 2012 marks the end of this partnership and the last letter from the two of us. In terms of financial results and as “LUK” would have it, 2012 was also our most successful year. Earnings before tax for 2012 were $1.371 billion, a record.
As the years sped by and we got older, a succession plan became more and more essential. For several years, we argued, explored many alternatives, argued some more and spoke with anyone and everyone we believed worthy of our shareholders’ trust to guide the good ship Leucadia. On March 1, 2013 our succession plan culminated with the acquisition of the Jefferies Group, Inc.
- Pershing Square Q2 Letter
Link to: Pershing Square Q2 Letter Pershing Square – Reflections After Ten Years We began investing capital January 1st, 2004 in partnership with a subsidiary of Leucadia National Corp. (NYSE:LUK) which invested $50 million in Pershing Square, L.P....
- Upstart Managers School Sage Of Omaha
The pupils are beating the master at Warren Buffett-led Berkshire Hathaway Inc. Two investment managers, hired by the 83-year-old billionaire in recent years as part of his succession plan, each posted returns last year that outdid both Mr. Buffett's...
- Leucadia's Unmined Potential
LEUCADIA NATIONAL MAY BE THE CLOSEST THING to what Berkshire Hathaway was 20 years ago, before Berkshire became so large that Warren Buffett needed investments of several billion dollars to move the needle.-Run for 30 years by a secretive duo, Ian Cumming...
- Dividend Update - April 2013
With the books closed on April it's time for another installment of my favorite monthly update, the dividend update. April was far from setting a personal record for dividends received but it was still well up over January 2013 and April 2012 more...
- A Great Time To Go Hunting For Dividends
The market downturn this past week -- indeed, over the past month -- has reignited my interest in buying stocks, and particularly dividend payers. Stocks were in general looking a bit expensive earlier in 2012 and I struggled to find many good opportunities....