1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Eddie Lampert: The best investor of his generation

February 06, 2006

The mood was tense at the Bel Age Hotel in West Hollywood, Calif., early last year. The top two dozen executives of Sears, Roebuck & Co. were gathering for a strategy session with Eddie Lampert, the then- 42-year-old billionaire hedge fund manager who had just engineered an unlikely takeover of their struggling yet venerated company.

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?"


Rating: 3.0/5 (3 votes)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by

User Generated Screeners

patelmhwalter schloss balance sheet b
valueppAsset Management Company
cspunarSG -2
cspunarSG -1
jtepper2High GROC Selloff
cpetrouBuyback Yield
canidNicks screen
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat