The entrance strategy is actually more important than the exit strategy.— Edward Lampert
The most unforgettable Edward Lampert quotes that are proven to give you inner joy
I want to be known as a great businessman.
If we put a product into Sears, we don't want to have to pull it out in a year, or two years, or three years. We don't want to do that only to have it yanked away.
This idea of anticipation is key to investing and to business generally.
You can't wait for an opportunity to become obvious. You have to think, "Here's what other people and companies have done under certain circumstances. Now, under these new circumstances, how is this management likely to behave?"
To operate a company of the size of Sears Holdings or Wal-Mart or Target or Home Depot or Lowes, you need a combination of skills, and each of those skills needs to be sufficiently strong.