Despite making money in Leucadia National Corp. (LUK) it is my dumb trade of the month. My trade has had me feeling bad for a while and this stock seems to want to make it personal and kick me while I’m down, if I may anthropomorphise.

As a rule I don’t often talk about by trades. The main reason for that is I’ve found talking about a trade influences it. I’m not talking a butterfly flapping its wings over Japan here, I’m talking about real and very tangibles effects. As soon as I mention a trade to anyone then my ego comes in to play. I’d like to say it doesn’t, but I know it does.

OUCH – Fools Rush In
In my last article on Leucadia (LUK) I said “Cautious investors may prefer to wait until after the anticipated earnings announcement between 27-Feb and 6-March as any major disappointment would result in a short term sell-off.” If only I took my own advice.

LUK has the qualities of BRK, but is better value, has younger men at the helm and has outperformed BRK over the last twenty years.