joe_btsfplk

Leucadia National: 5 Guidelines for a Well Run Holding Company

I've owned LUK since it bought PHLCorp (insurance and Greenstamps) in 1988. What a wonderful company, and great guidance from the top--during the Dot-Com boom, the company gave out a cash dividend and said, in effect, "if you want to invest your LUK money in this irrational business--here it is!" I used mine to buy some more stock.