A business man reading by a window.

Leadership Letters

12 Jefferies Wishes for December

We completed Jefferies’ fiscal 2024 this past Friday, and today we start the sprint forward into fiscal 2025 in our best position ever by far.  2024 was the recovery year we had anticipated one year ago, and we are quite pleased with our results and, more importantly, our prospects for the future.  While last month

Eight Things to Be Thankful for in November at Jefferies

Team Jefferies, As we head into November, we wanted to take a moment to reflect and think about what we are most thankful for as we close out Jefferies’ 2024 Fiscal Year at the end of the month. Here are our top eight: The two of us could not be more grateful for all we

A Common Sense Guide to Lower Interest Rates

Dear Clients, Jefferies Teammates, and Friends of Jefferies, When it became clear that interest rates were going to rise materially for the first time in 15 years after a prolonged period of intense stimulus and free money (correct response to the global financial crisis and COVID-19), we shared three notes about what we “Boomers” learned

Hope You Enjoyed Your Summer Fun—It’s Game Time for Team Jefferies

Team Jefferies, It is hard to believe, but today marks the first business day of the last quarter of Jefferies’ 2024 fiscal year, with 2025 poking its head right around the corner.  There is a lot going on in the world today, and we expect volatility.  There are 62 calendar days left before what already

Summer Interns Set the Jefferies Tone for August

Every August, we use our monthly letter to highlight the ideas and perspectives of our global summer interns and use this time to reset and listen to what is on their minds. This year, we asked all 345 summer interns to take their best shot at setting the tone for our firm by sharing an

The IPO Window is OPEN

The IPO Window is OPEN To Our Clients, Friends and Colleagues:  The two of us have regular contact with venture capital and private equity partners, as well as CEOs and other business leaders and owners.  For the past year and even in the past week, a good number of them ask us: “when will the

Reviewing Our First 40 Years On Wall Street, Perhaps A Good Start….

Dear Clients, Teammates, and Friends of Jefferies, The two of us have each spent roughly the past 40 years chasing our professional dreams on Wall Street. It’s been an epic journey in some ways, but in others, it feels like we are just getting started. For whatever miraculous reason, we both found our respective Wall

Intern Summer Season!

Team Jefferies, The beginning of June marks the start of our Intern Summer – that wonderful time when our offices and trading floors are overflowing with teams of smart, ambitious, inquisitive, motivated and impressionable soon-to-be Wall Street professionals. Here are some random thoughts for each of us to think about as our elevators get more