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.