The best investor of his generation

[Pekelo]

Eddie Lampert. His hedge fund, ESL Investments, has delivered average annual returns of nearly 30 percent, after fees, since its 1988 launch.

Interesting guy, better performance than Buffett's:

http://money.cnn.com/2006/02/03/news/companies/investorsguide_lampert/index.htm

 

[hermit_trader]

A Econ degree from Yale is still worth a billion!?

 

[CPTrader]

Quote from Pekelo:

Eddie Lampert. His hedge fund, ESL Investments, has delivered average annual returns of nearly 30 percent, after fees, since its 1988 launch.

Interesting guy, better performance than Buffett's:

http://money.cnn.com/2006/02/03/news/companies/investorsguide_lampert/index.htm

Thanks for sharing this.

 

[killATwill]

if you're looking at just pure return by a professional money manager over, say, a decade, then ed seykota killed him...over 60% annualized return, net of fees.

 

[Free Thinker]

Quote from Pekelo:

Eddie Lampert. His hedge fund, ESL Investments, has delivered average annual returns of nearly 30 percent, after fees, since its 1988 launch.

Interesting guy, better performance than Buffett's:

http://money.cnn.com/2006/02/03/news/companies/investorsguide_lampert/index.htm

so the best investor of his generation does 30%a year and yet we have people on elite saying 1% a day is easy.


http://www.elitetrader.com/vb/showthread.php?threadid=64219

 

[bitrend]

Quote from Pekelo:
... Interesting guy, better performance than Buffett's:

Do think Buffet is really better? How we define better since Buffet seldom pull out the money from the market. He don't expend those moneys, I wonder for what he's working for! To become the world richest man one day, maybe; but Bill Gates still hold on. I think Jesse Livermore is the best, best for making money and expend them, while Buffet is only best for the first one.

 

[marketsurfer]

Quote from vhehn:

so the best investor of his generation does 30%a year and yet we have people on elite saying 1% a day is easy.


http://www.elitetrader.com/vb/showthread.php?threadid=64219

i guess they never met "franz sho*r" from TI.



cool article, thanks for posting it!

 

[Free Thinker]

Quote from marketsurfer:

i guess they never met "franz sho*r" from TI.



cool article, thanks for posting it!

i have talked to franz. he is the real deal. its hard to emulate his style unless you have a cast iron stomach. i have seen him go 250k negative on a trade and and still add more.

 

[trend_guy]

Quote from killATwill:

if you're looking at just pure return by a professional money manager over, say, a decade, then ed seykota killed him...over 60% annualized return, net of fees.

Can you prove this? Everyone seems to quote this 60% with no evidence.

 

[Pekelo]

Quote from vhehn:

so the best investor of his generation does 30%a year and yet we have people on elite saying 1% a day is easy.

Well, I think there is a huge difference between a HF manager handling 100 million with a 30% profit and a futures trader making 1% a day with only a couple of contracts. Apples and oranges....