IFB106: The Sears Bankruptcy Fallout – Is Telsa Next?

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Dave:                                    00:35                     All
right folks, we’ll welcome to the Investing for Beginners podcast. This is episode
106, tonight Andrew and I are going to talk about that, the disaster, true.
That is Sears and all the goings on with that. And talk a little bit about
bankruptcies and some other things. So Andrew, why don’t you go ahead and tell
us about the article that you sent me today and we can talk a little bit about
that.



Andrew:                              00:55                     Yeah,
it’s actually kinda depressing then, would piss a lot of people off, especially
the people that work there. So Eddie Lampert, he was the former Sears CEO. Um,
and I don’t know, maybe you know better than I was. He, did he have like, um, a
big ownership stake in the company too? Is that why?



Dave:                                    01:17                     I
think so. Yeah. He’s a hedge fund billionaire. He was supposed to turn series
into the next Berkshire Hathaway.



Andrew:                              01:26                     How’d
that, how’d that work out?



Dave:               &...