[Leucadia bottoms feed again]

good catch, guess the rule of 72 is off by a bit, 10x is about 13 years at 20%

 

13 yrs is not bad for this kind of return. Just to continue the age argument on the other side: I am still holding BRKB, the biggest position, by far in my portfolio because I consider it better than cash but without any expectations of above average returns in the long-term. In the case of LUK, age is an issue to me despite the fact that my father is 91 and my mother 89 with all their faculties intact. I think, in order for a careful investor to be convinced, one should make sure that the Liquidation event or events mentioned by another member will happen. I am wondering if this board or a group of us could "contact/write a letter"" asking about such a potential plan.

 

Michael

[Leucadia bottoms feed again]

I share the concerns about the age of the management against a superb track record and a very difficult to duplicate skill. I sold my LUK position because of that a few years ago. My new suggestion is to create a basket of the following companies that I consider good but not the same: Markel, Fairfax, Leucadia and Brooks Asset Management.

Michael

 

[LUK results out...]

Ant thoughts about the age of the management team? Otherwise, I agree with the previous comments.

Thanks,

 

Michael