Eddie Lampert of ESL Investments, made a very rare TV appearance where he talked about the importance of long term investing. The confence where Lampert spoke at, took place on October 1st, 2011.
Lampert runs an ultra concentrated portfolio, his top three holdings are:
Prescience Partners returned 6.75% for the second quarter, underperforming the S&P 500's 8.55% return but coming out ahead of the Barclay Equity Long/ Short Index's 2.62% return. However, for the first six months of the year, Prescience is up 30.66%, doubling the S&P's 15.25% return and smashing the Barclay Equity Long/ Short Index's 9.27% return. Read More
Video coverage from Bloomberg below: