Frequently called a "miniature" Berkshire Hathaway, Leucadia is a diversified stock-holding company which specializes in investing in businesses that are either distressed or poorly managed. Its core strategy is to buy assets when their prices are low and sell them after their prices rise. Leucadia's portfolio covers mining, manufacturing, communications, leisure, gas, medical production, and real estate industries.  Leucadia has experienced relatively persistent growth over the years. Though Leucadia hasn't been absolutely immune to the 2007 Credit Crunch and 2008 Financial Crisis, Leucadia was able to avoid the worst of the financial crisis compared to its competing companies by winding down its lending activities by 2004. Leucadia has a diverse portfolio which includes iron and copper mines, lumber and plastic manufacturers, a prepaid calling card provider, a hotel and casino, wineries, an oil and gas contract driller, energy production facilities, medical product developers, and other real estate interests.
Leucadia has a diverse portfolio which includes iron and copper mines, lumber and plastic manufacturers, a prepaid calling card provider, a hotel and casino, wineries, an oil and gas contract driller, energy production facilities, medical product developers, and other real estate interests.
Leucadia shares holdings in the following businesses.
STi Prepaid is a facilities-based provider of long distance wireline and wireless telecommunications services headquartered in New York.
The company's real estate properties are valued at $225.4 million.
The recruit of new executives to make up for the loss of former ones due to the expiration of contracts and retirement is not a new trend that businesses face. Leucadia, faced by this obstacle as well, is currently dependent on key personnel, Chairman of the Board Ian M. Cumming, and President Joseph S. Steinberg. Both of whose contracts are to expire by June 30, 2015, are not only the largest stockholders of the company, sharing approximately 11.3% and 12.5% of Leucadia 's outstanding common shares, respectively, but are also essential to all of Leucadia's operations. Dating back to the early developing stages of Leucadia in the 1970s, the history of Leucadia is indivisible with these two executives. Leucadia faces the inevitable managerial task of not merely finding successors for these two, but finding successors who will mount to the level of dedication and performance which Mr. Cumming and Mr. Steinberg have exercised over the years. Consequently, this issue arises as a big risk for Leucadia's future.Rising Worldwide Demand for Energy).  Leucadia has invested in three businesses of the energy sector. Investments in the Louisiana Gasification Project, and Liquefied Natural Gas are under process. Meanwhile, Leucadia's aggregate outstanding loan amount for Goober Drilling of $171,000,000 (excluding accrued interest) as of December 31, 2007, has steadily increased Leucadia's income.
Projected Worldwide Energy Consumption, 1980-2030, EIA 
Competition for Leucadia comes from publicly-traded equity firms. Many of these firms include business development companies, such as American Capital Strategies (ACAS), Ares Capital (ARCC), and Allied Capital (ALD).