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2008 'Annus Horribilis' for Leucadia; Still Optimistic for Future [View article]
But instead of the common, I have been buying their 2015 senior corporate debt. (trying, but my patience will be rewarded I believe).
Happy and worried at the same time, their debt is now the largest position in my portfolio. ( I never allow any one position over 5%, it is at 4.3%)