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

Discussion in 'Wall St. News' started by ASusilovic, May 9, 2008.

  1. zdreg

    zdreg

    #11     May 9, 2008
  2. 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.
     
    #12     May 9, 2008
  3. You can't work in this business w/o losing money. Lampert will be back.
     
    #13     May 9, 2008
  4. 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.
     
    #14     May 9, 2008
  5. Mercor

    Mercor

    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.
     
    #15     May 9, 2008

  6. blue horseshoe loves Blue Star (Airlines)


    what is amazing is these blokes are given the money, lifestyle and opportunity in the first place
     
    #16     May 10, 2008