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Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates.

Leucadia : Better Than Buffett

Submitted by webmaster on Mon, 11/07/2005 - 10:14

Leucadia National (LUK) has delivered gains that even trump the Sage of Omaha.  Companies mired in bankruptcy and turmoil may look ugly to some investors, but to Ian Cumming and Joseph Steinberg they're downright foxy. Using their publicly traded investment firm, Leucadia National, the duo have built a reputation as master takeover artists who buy distressed companies at discount prices, revive them and sell them for hefty profits.

Read the story.

 

 

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