Letter to Shareholders
This week we released our 2019 Letter to Shareholders which shares our thoughts and provides insight into our long-term growth strategy for Jefferies. We hope you enjoy the letter and, as always, please reach out to us should you have any questions.
Read the Letter to Shareholders on our Investor Relations site
Fiscal 2020 – Our Goal and Our Plan for By Far Our Best Year Ever and the Beginning of the Road to 2030
Thirty years ago, just after one of us arrived at our firm, Jefferies was a pure boutique with one real business, cash equities, which drove net earnings of $7 million on galactic-wide total revenues of $144 million.
Immediate Transparency In Today’s Light Speed World
Today we shared the following note with our 3,776 Jefferies Employee-Partners. Given that each of these news stories currently dominates the global news cycle with breathtaking speed, we thought it was important to understand the meaning and implications of living and working in today’s world.
Summer Interns Setting The Tone For Jefferies For The Month Of August—Across the Board Winners!
Last month, we asked each of our 234 summer analysts and associates from every department around the globe to set the tone for all of Jefferies by writing their own August 1st "Jef_All" Letter to all of our Employees.
Our Promise to Jefferies Clients
Jefferies’ investment banking revenues have grown at a compounded annual growth rate of nearly 20% since we entered this business 29 years ago and we are approaching a $2 billion annual run rate.
A Friendly Poke To Be Aware of the Opportunity and the Risk
Our personal position, for what it is worth, is that the markets are healthy, wide open for business and there is no imminent disaster on the horizon, although risks abound.
Living In A World Of Extremes
It feels that today we live in a world of passionate extremes, with both sides believing their opinion is absolutely 100 percent right. We are not talking “mostly right,” or “75 percent right,” or even “90 percent right.” We are talking black and white “100 percent right!” Wow, in a complex world including some of the complicated issues above, is anything really that crystal clear?
25 Secrets That Should Be Obvious About How To Value And Treat Clients
Last month, we shared with you our simple advice that every one of us must take the time to fully listen to and understand the challenges, fears, goals and aspirations of each of our clients and only then give them our best advice. We repeat it now because we ask each of you to internalize this and live it every day. If we truly listen before we think, advise or act, we will do an even better job serving our clients.
New Year’s Priorities, Thoughts And Goals For An Uncertain Time
Dear Clients and Employee-Partners,
Usually the first page of the new calendar turns and our priorities/resolutions are made as we eagerly start another annual journey with optimism, earnestness and excitement. If you are like us, you are planning to work harder and smarter than ever to achieve individual and collective goals to the best of your abilities. It is a time to be reflective, pensive and honest with yourself. There are personal, professional, and hopefully societal goals that energize us as we finish the holiday festivities and symbolically start, once again from zero. We love this time of year because anything and everything seem possible as bad habits can be changed, new plans and strategies can be initiated, and mistakes are a thing of the past as all that matters is today and tomorrow.
Where We Stand
As calendar 2018 comes to a close, it’s not only the painful volatility and collapsing asset values that are on our mind. Markets will ebb and flow and business and investing cycles are as natural as the earth spinning on its axis and revolving around the sun. The thing that vexes us is the thoughtless, paranoid and fundamentally wrong reaction that many people in our industry are expressing about the #MeToo movement and many other efforts to assure fairness and decency in the workplace. In recent weeks, we have been disappointed to see reports in the media where various men state the following when it comes to the current state of women in the financial workforce: