Eddie Lampert: The best investor of his generation
The fact that the vehicle of his acquisition was discounter Kmart -- which Lampert had come out of nowhere to snatch control of during bankruptcy -- was only one source of the tension. Lampert also had zero experience running a retail operation. Yet once their presentations started, he began poking holes in virtually every idea.
"What's the benefit of that?" he asked again and again. "What's the value in that?"