Lampert, Wood Reveal Failings of `Concentrated' Hedge-Fund Bets

Quote from makloda:

I guess Cramer and businessweek jinxed it for good ole' eddie

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http://www.businessweek.com/magazine/content/04_47/b3909001_mz001.htm
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not exactly. cover was dated november 2004. look at the price action. cover was not a prophetic call.

http://finance.yahoo.com/q/bc?s=SHLD&t=5y&l=on&z=m&q=l&c=
 
I guess most covers are anti-prophetic and 'jinx' whatever they hype. 'The death of equities' comes to mind, when was that, 1978/9 Time cover story? Or the Sept 1999 CSCO Businessweek story.
 
Quote from ProfitTakgFool:

You can't work in this business w/o losing money. Lampert will be back.
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Yep. In a sense he is unlucky that it didnt happen earlier when he was managing less money. Once you have a losing streak like that you manage it immensely better the next time.
 
Quote from ProfitTakgFool:

You can't work in this business w/o losing money. Lampert will be back.
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Buffet built his empire on consumables, then later, insurance.

Good recession proof, long term conservative growth industries.

Lampert's corporate shell was a dying mall department store and a faded discount store.
Many always figured the logic behind the strategy was the real estate play. Lampert never played it that way instead he spend time and money trying to save old model merchandising retail.

Never could understand that.
 
Quote from blackhorseshoe:

cramer maybe is booksmart since he graduated from harvard law; but he's a lousy trader.
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blue horseshoe loves Blue Star (Airlines)


what is amazing is these blokes are given the money, lifestyle and opportunity in the first place
 
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