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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (56361)	4/18/1999 12:53:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, I'm not sure if you're familiar with Leucadia National. I own a token position in the company. The management has such an outstanding long term investment record that I like to follow what they have to say about the investment environment and/or specific industries that they are involved in. Here's two quotes from the annual report I received Saturday: "...one of us is excited and energized by the opportunities at hand, the other is hunkered down for fear a tsunami resulting from the next Kondratief Long Cycle will wash us all into poverty". "In preparation for the meeting to consider the sale of executive and professional loan portfolios, AIB's (a subsidiary) chairman, H.E. Scruggs, was overheard mumbling something about "credit Armageddon". Leucadia's general caution, conservatism, and fear for the future of financial assets is alive and well." Wayne