Leucadia (LUK) has been hitting home runs for a long time.  They are the Hank Aaron, Barry Bonds or Babe Ruth of investing, and all you need to examine is their long term track record of creating shareholder value to recognize their “home run status.”

Before I go any further, I own Safety Insurance (SAFT) in some of the accounts that I manage. It is hard to find companies that we can say directly benefits from higher gas prices and global warming, but Safety Insurance is one of them. Any investor who considers her/himself a value investor should take a close look; it is a great company at a great price. However, this is not some quick trade, but rather a long term position that will likely yield attractive returns.