Eddie Lampert letter to shareholders

Lampert also claimed that Amazon and Tesla get special privileges that have contributed to their growth, while traditional companies like Sears are left to fend for themselves.

When Sears was a fixture in all the outhouses of America, they also got special privileges. And you have to admit they were more personal than the ones tech companies are enjoying now.

I don’t think it is the “special privileges” that are the problem. The problem is their investment in the future. For Amazon and Tesla that investment in the future is in the image of drones and fast cars, and not modern bathrooms.

In other words, it is not so much that Amazon and Tesla are living in a dream, it is the fact that they are throwing so much money down a shit-hole of dreams.

Source: Eddie Lampert letter to shareholders – Business Insider

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