No, I'm not gloating, because too much pain has been caused. But if you go back almost exactly a year in this Blog, I think you'll find that as part of my utter contempt for Giant Mergers in general I was utterly contemptuous of the Sears-Kmart linkup, despite the track record of Linker-in-Chief/Hedge-fund Main Man Edward Lampert. Nonetheless, I promise on my word of honor that I did not gloat at the following:
"Mr Lampert should stick to investing, not matchmaking."—Gretchen Morgenson, Page 1, New York Times Sunday Business, 11.06.05, "The Sears Catalog of Problems" (subscription required for link)
So why does this S***/the Same S*** keep happening?
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.