Louis Leclezio Jr. - Warren Buffet

Dear Dad,

Remember that success is not measured by the hardships a corporation like First American or its henchman, James Dufficy inflicted upon you.

Your resounding success is written in Mommy’s and your book of life according to what you have led your children & grand children to be in the eyes of the world and above all in the heart of God!

You should be most proud to see me in the company of the richest man in the world. He is confidently handing his wallet over to me!

I am proud of who Mommy & you have taught us to be. You have prepared us well enough to meet with the wealthiest man on earth. At the same time we know how to remain focused on the greatest wealth of all – The faith of our fathers and our heavenly eternal rewards!

From heaven, may Mommy continue to smile on us all on earth and may God continue to bless you and all yours abundantly my dearest dad!

James J. Dufficy

I picked up the following comment concerning James J. Dufficy aka Jim Dufficy on the net.

I consider it to be so pertinent that I could not resist publishing it!

"Louie – Remember – When the water level gets too high – Rats jump ship.

Jim Dufficy is a brilliant lawyer. He was privy to most of the horrendous legal issues confronting First American!

From his vantage position, Jim could best weigh all the legal issues plaguing those morons.

IMHO, Jim probably left because he feels that the First American market cap will soon drop below $500M.

Arrogant & greedy as he is, Jim is probably further convinced that under his leadership the market cap of Stewart could very well rise over $3.3 billion.

Filled with blinding ambition, Jim must have secured a significant stock option package from STC. That would explain Jim’s move from FAF to STC.

That’s loyalty for you!"

James J. Dufficy - First American Corporation - Stewart Title

James J. Dufficy leaves the First American Corporation, a NYSE trading company with a current market cap of $3.3 billion to join Stewart Title Guaranty Company. STG is a fully owned subsidiary of Stewart Title Company. STC’s market cap is presently less that $500 million!

IMHO, while The First American Corporation has grounds to rejoice, Stewart Title should have major cause for concern.

Mr. James J. Dufficy’s business philosophy is that ‘his’ company has no duty vis-à-vis the public to do the ‘correct’ thing.

Note that Mr. James J. Dufficy made that statement on a First American letterhead he addressed to me on March 24th 1998.

The Stewart Title board of directors and Stewart Title clients better be wary of this ‘new blood’ and his dubious policies pervading its ranks! Time will tell!