Gustavo Ballvé on November 19th, 2012
Banks, Corporate Strategy, Diversified financials, Food for thought, Home, Investment Themes, Portfolio Management

Brazil has way too many holidays, that is certain. At least we can catch up with the reading, and this story is pretty interesting: Leucadia has decided to acquire Jefferies, the midsize US investment bank. Now the name Leucadia may not instantly ring a bell, but it is one of a few companies that have been called “mini-Berkshires” over the years – perhaps the most successful of them. I have followed the company for a while, although not as diligently as I follow Berkshire. They do interesting things there too, and this latest move takes them in a new direction, as this Dealbook article argues. And it could take investment banking itself to a different direction, as this other article says. Sometimes investors try to read too much into specific news stories, but this deal is worth keeping an eye on.

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