Leucadia National

Leucadia National

Leucadia National
Last update 2020-02-13 17 Stocks (8 new)
Value $169.00 Mil Turnover 49 %
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Leucadia National Profile

Ian Cumming is the former director and chairman of executive committee of Leucadia National. The current chairman is Joseph Steinberg and chief executive officer is Richard Handler. Leucadia National (LUK) is a publicly traded investment company. Through its subsidiaries, Leucadia engages in telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses. Since 1978, their investment returns have compounded more than 20%. From the end of 1978 through the end of 2004, Leucadia's stock soared an annualized 33% (compared with 27% for Berkshire's A shares).

Leucadia National Investing Philosophy

Using value investing approach, Leucadia buys distressed companies at discount prices, revives them and sells them for profits. They buy assets that are out of favor, and therefore cheap or disheveled. They then improve their performance until they are the most efficient and productive in their market segment. Leucadia's investing maxims guide its investment decisions. The Leucadia strategy says, don't overpay, buy companies that make products or provide services that people need or want, sheltered earnings are more valuable than taxed earnings, and once again, don't overpay.
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Performance of Leucadia Corp. Book Value

Year Return % S&P500 % Excess Gain %
2019 0.4 30.58 -30.2
2018 15.33 -4.57 19.9
2017 0.67 21.7 -21
3-Year Cumulative (2017-2019) 16.57 (5.24/Year) 51.65 (14.89/Year) -35.08 (-9.65/Year)
2016 -1.74 12 -13.7
2015 2.32 1.24 1.1
5-Year Cumulative (2015-2019) 17.20 (3.22/Year) 71.96 (11.45/Year) -54.74 (-8.21/Year)
2014 1.2 13.46 -12.3
2013 0.1 32.31 -32.2
2012 9.6 15.99 -6.4
2011 -11.5 1.9 -13.4
2010 59.1 15.05 44
10-Year Cumulative (2010-2019) 83.21 (6.24/Year) 251.03 (13.38/Year) -167.82 (-7.14/Year)
2009 59.8 26.35 33.4
2008 -55.2 -36.79 -18.4
2007 39.1 5.15 33.9
2006 6.2 15.84 -9.6
2005 61.4 4.83 56.6
15-Year Cumulative (2005-2019) 212.72 (7.90/Year) 257.98 (8.87/Year) -45.26 (-0.95/Year)
2004 4.5 10.7 -6.2
2003 17.1 28.18 -11.1
2002 19 -21.58 40.6
2001 -0.7 -11.76 11.1
2000 10.2 -9.75 19.9
20-Year Cumulative (2000-2019) 398.33 (8.36/Year) 217.22 (5.94/Year) 181.11 (2.42/Year)
1999 -33.9 20.38 -54.3
1998 2.5 28.69 -26.2
1997 57.7 33.49 24.2
1996 0.2 22.5 -22.3
1995 17.6 38.06 -20.5
25-Year Cumulative (1995-2019) 527.40 (7.62/Year) 1009.46 (10.10/Year) -482.06 (-2.46/Year)
1994 -3.5 0.38 -3.9
1993 47.2 10.08 37.1
1992 39.2 7.62 31.6
1991 34.5 30.47 4
1990 20.1 -3.1 23.2
30-Year Cumulative (1990-2019) 1903.94 (10.51/Year) 1568.00 (9.83/Year) 335.94 (0.68/Year)
1989 28.1 31.69 -3.6
1988 14.3 16.61 -2.3
1987 -11.8 5.1 -16.9
1986 53 18.6 34.4
1985 12.2 31.6 -19.4
35-Year Cumulative (1985-2019) 4342.56 (11.45/Year) 4101.73 (11.27/Year) 240.83 (0.18/Year)
1984 72.1 6.1 66
1983 19.4 22.4 -3
1982 157 21.4 135.6
1981 16.7 -5 21.7
1980 9.1 32.3 -23.2

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