The Investing for Beginners Podcast - Your Path to Financial Freedom

IFB106: The Sears Bankruptcy Fallout – Is Telsa Next?


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Announcer:                        00:00                     You’re
tuned in to the Investing for Beginners podcast. Finally, step by step premium
investment guidance for beginners led by Andrew Sather and Dave Ahern. To
decode industry jargon, silence crippling confusion and help you overcome
emotions by looking at the numbers. Your path to financial freedom starts now.



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:               &...
...more
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