The best investor of his generation

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

 

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

 

Thanks for sharing this.

 

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.

 

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

 

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.

 

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.

 

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

 

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....