Money and Finance
- Links
Max Olson's limited, hard copy book of the Berkshire Hathaway letters for the 50-year anniversary that was sold at the annual meeting is now available online, HERE (Click on the "See All Buying Options" tab on the right, and buy from the seller...
- 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....
- Charlie Munger On Leucadia And Telecom...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:We regard the Leucadia people as very smart. Is it conceivable that the Leucadia people could have one outcome that didn’t work very well? Sure, it’s possible. I look at telecom...
- Buffett's Latest Bargain: Berkshire Hathaway
For all the adulation he receives, Warren Buffett isn't getting credit where it arguably counts the most: his company's share price. Berkshire Hathaway's Class A shares trade around $128,000 a share. While that's a big number, it's...
- Leucadia Annual Meeting Notes
From The Inoculated Investor blog: 2009 Leucadia Annual Meeting Notes ……………….. Related previous post: Leucadia 2008 Letter to Shareholders ...
Money and Finance
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.
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Run for 30 years by a secretive duo, Ian Cumming and Joseph Steinberg, Leucadia has invested in a wide variety of stocks and a diverse group of businesses. It has generated impressive returns and developed a cult-like following among value-oriented investors who like its investment style -- and results. Buffett is a fan of Leucadia, although Berkshire doesn't own the stock. Leucadia's book value, which stood at $23 a share on Sept. 30, is up from just 11 cents in 1979, an annual growth rate of more than 20%.
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- Links
Max Olson's limited, hard copy book of the Berkshire Hathaway letters for the 50-year anniversary that was sold at the annual meeting is now available online, HERE (Click on the "See All Buying Options" tab on the right, and buy from the seller...
- 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....
- Charlie Munger On Leucadia And Telecom...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:We regard the Leucadia people as very smart. Is it conceivable that the Leucadia people could have one outcome that didn’t work very well? Sure, it’s possible. I look at telecom...
- Buffett's Latest Bargain: Berkshire Hathaway
For all the adulation he receives, Warren Buffett isn't getting credit where it arguably counts the most: his company's share price. Berkshire Hathaway's Class A shares trade around $128,000 a share. While that's a big number, it's...
- Leucadia Annual Meeting Notes
From The Inoculated Investor blog: 2009 Leucadia Annual Meeting Notes ……………….. Related previous post: Leucadia 2008 Letter to Shareholders ...