Money and Finance
Links
Eddie Lampert's 2015 letter to Sears shareholders (LINK)
Banks Brace for Potential Energy Losses (LINK)
Farnam Street: James Cash Penney and the Golden Rule (LINK)
Did the Universe Have a Beginning? (LINK)
Book of the day [H/T Derek Sivers]:
Cows, Pigs, Wars, and Witches: The Riddles of Culture
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Links
What Can the Three Buckets of Knowledge Teach Us About History? (LINK) Yahoo to live-stream Warren Buffett's Berkshire meeting (LINK) The Best Stock Over the Last 30 Years? You’ve Never Heard of It - by Jason Zweig (LINK) Why Wall Street Is Embracing...
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Links
How a 25-Year-Old Sparked Plunge at Lumber Liquidators (LINK) Horizon Kinetics' March Commentary (LINK) Absolute Return Letter - March 2015: Tigers in Africa (LINK) A Warning From Buffett About Banks [H/T Linc] (LINK) The $62bn secret of Warren Buffett’s...
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Links
Paul Graham: How You Know (LINK) Eddie Lampert on Sears: Moving Forward (LINK) Arnold Van Den Berg at Century Management’s 2014 Client Review [H/T GuruFocus] (LINK) Graham - Newman Letters to Partners 1946 - 1958 (LINK) [I've mentioned these...
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Eddie Lampert's Letter To Sears Shareholders
Link to: Eddie Lampert's Letter to Sears ShareholdersI am writing to you after my first full year serving as both your Chairman and Chief Executive Officer. While our financial results remain challenged, 2013 may have been the year that justifies...
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At Sears, Eddie Lampert's Warring Divisions Model Adds To The Troubles
Every year the presidents of Sears Holdings’ (SHLD) many business units trudge across the company’s sprawling headquarters in Hoffman Estates, Ill., to a conference room in Building B, where they ask Eddie Lampert for money. The leaders have made...
Money and Finance