Leucadia National Corp (LUK) is an investment company with diverse holdings in lumber and plastics manufacturers, a hotel and casino, wineries, an oil and gas contract driller, energy production facilities, medical product developers, and other real estate interests, to wit, Conwed Plastics; Idaho Timber; Keen Energy Services, and ResortQuest, just to mention some.
Leucadia's way of doing business deserves the nickname of “miniature Berkshire Hathaway.” You may be asking yourself why. Does “investing in companies while their intrinsic value is low to allow compounding” sounds familiar to you? Of course it does. It's Warren Buffett's strategy. Well, Leucadia has followed Berkshire's path. Indeed, it has achieved assets of over $9 billion. Continue Reading »