FYI: Bit by bit, the smart money deserted Edward Lampert.
Michael Dell, David Geffen, George Soros, the Ziff brothers -- by 2012, all of them, and many more, had peeled away.
Not even Lampert’s friends could understand why the hedge-fund manager, once hailed as a young Warren Buffett, clung to his spectacularly bad investment in Sears, a dying department store chain.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-12/eddie-lampert-rode-the-worst-trade-of-his-life-all-the-way-down?srnd=fixed-income
