Liberty Posted February 22, 2012 Posted February 22, 2012 Hi, Does anyone know where to find all Leucadia shareholder letters (or as many of them as possible) compiled in one place (ideally a single PDF or similar format, but many PDFs would be fine too)? I can only find a few on the official website. Thanks!
Poor Charlie Posted February 22, 2012 Posted February 22, 2012 Scorpion was kind enough to send me the pre-2003 letters. PM me your e-mail and ill send them your way.
Liberty Posted February 22, 2012 Author Posted February 22, 2012 Scorpion was kind enough to send me the pre-2003 letters. PM me your e-mail and ill send them your way. Message sent. Thank you very much!
moore_capital54 Posted February 22, 2012 Posted February 22, 2012 I would very much appreciate if one of you could PM those letters to me as well (pre 2003) Thanks a bunch!
Poor Charlie Posted February 22, 2012 Posted February 22, 2012 Moore, I have them in .zip file. PM your email and ill send them to you.
Liberty Posted February 22, 2012 Author Posted February 22, 2012 Moore, I have them in .zip file. PM your email and ill send them to you. Hi Poor Charlie, I just got your email, thank you very much. I don't want to do something with the file that you sent that you disagree with, so I'm asking: Would it be okay if I uploaded the file on a hosting site and posted the link here so that anyone who wants to download it can? As far as I know these are public shareholder letters - just hard to find - and I don't think there's any reason not to, but I still want your "ok".
jjsto Posted February 22, 2012 Posted February 22, 2012 +1 for the letter request if you could pm me. thanks.
Poor Charlie Posted February 22, 2012 Posted February 22, 2012 Liberty, I have no problem at all with that.
biaggio Posted February 22, 2012 Posted February 22, 2012 Guys, thanks for sharing. Would have been to shy to ask, thinking the last thing you need is a hundred guys asking to be PM'd. Hope I can return the favor some day,
Liberty Posted February 23, 2012 Author Posted February 23, 2012 Here they are: http://www.mediafire.com/?gh3693u6az57nop All credit goes to Poor Charlie.
Poor Charlie Posted February 23, 2012 Posted February 23, 2012 Here they are: http://www.mediafire.com/?gh3693u6az57nop All credit goes to Poor Charlie. Appreciate that Liberty but no credit deserved on my part. BTW, thanks for setting up the file share folder, my inbox needed a break. :o
moore_capital54 Posted February 23, 2012 Posted February 23, 2012 I just spent the evening reading all the letters. I had previously read the ones from 1998 onwards as they were available on sec.gov. Just want to thank you guys for making them available. There is much to be learned from these letters, and it is very obvious to me that LUK has really messed up having owned and sold some incredible assets, I don't really understand why they would ever sell some of the real estate they owned like the French Properties (2.1m square feet) and the Park Avenue/Chicago Skyscrapers. It also behooves me why they sold their retail banking operation. I would much rather own the LUK of 1986-1994 then the one today. What kills me is that they obviously understood the merits of investing in assets that protect against inflation but somehow decided to dump their exquisite property portfolio. You could have had here another Brookfield properties inside of Leucadia worth at least double of the current market value, + everything else.
racemize Posted February 23, 2012 Posted February 23, 2012 Hi all, I'm somewhat OCD, so I wanted to get all the letters in one pdf. Thought I would post it: http://dl.dropbox.com/u/14968/Leucadia Letters (2010).pdf Should have bookmarks for every year as well. EDIT: fixed linked (hopefully)
Valuebo Posted February 23, 2012 Posted February 23, 2012 Hi all, I'm somewhat OCD, so I wanted to get all the letters in one pdf. Thought I would post it: http://dl.dropbox.com/u/14968/Leucadia Letters (2010).pdf Should have bookmarks for every year as well. Hi racemize, I think you forgot to make the pdf public, I can't open it now. TIA from another OCD patient ;)
Arden Posted February 23, 2012 Posted February 23, 2012 The link works, but as you see here are some spaces in it -just before the word letters. Try this: http://dl.dropbox.com/u/14968/Leucadia Letters (2010).pdf
scorpioncapital Posted February 23, 2012 Posted February 23, 2012 moore_capital, I understand your frustration. They have bought and sold dozens of investments over the years. Their target return is 20% per year, sometimes more sometimes less. I think there are many ways to reach that goal.
vikx01 Posted February 23, 2012 Posted February 23, 2012 Wonderful! What a treasure trove. Thanks guys!
Grenville Posted November 19, 2012 Posted November 19, 2012 The link works, but as you see here are some spaces in it -just before the word letters. Try this: http://dl.dropbox.com/u/14968/Leucadia Letters (2010).pdf Finally starting to read the letters from the start of 1978. Thank you for posting the compilation! Does any one have the 10K's pre 1994? Also I found the commentary helpful here regarding the takeover of Talcott National: http://www.fundinguniverse.com/company-histories/leucadia-national-corporation-history/
ashish82 Posted August 25, 2014 Posted August 25, 2014 Hi, The links posted seem to be invalid. Would someone please repost the letters? Thanks a bunch!
racemize Posted August 25, 2014 Posted August 25, 2014 Here's my current version of the compilation: https://www.dropbox.com/s/f61hyafkxwpre86/Leucadia.pdf?dl=0
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