Leucadia National

Leucadia Annual Letter: Long LinkEM; On Value Focus

Leucadia Annual Letter to shareholders below (see Leucadia Annual Letter from previous year here).
From Leucadia (NYSE:LUK)

Fellow Shareholders:

One year ago, Leucadia and Jefferies combined to form a unique and powerful merchant and investment banking platform, a combination almost as old as commerce itself. Leucadia is distinguished by our ability to take a truly long-term view in a world often characterized by impatience and increasingly shorter investment horizons. A philosophy of patient . . .

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