Leucadia (LUK)

[orangetea]

Cyclone had a thread on this company as well: http://www.valuebuddies.com/thread-2452.html What intriqued me is why the compounding of this company lags so much behind Berkshire if they employ the same strategy

I think the answer has to do with the succession planning.

Yes it is teported that Leucadia is managed by gifted investors Ian Cumming and Joseph Steinberg.

But Ian is 74 (whos contract ends June 2015 and will not renew) and Joseph is 70 years old.

http://beta.fool.com/scavengerreport/201...lan/16459/