Behind every billionaire there is a story!

The testing of long-term Eddie

Once dubbed the next Warren Buffett, Eddie Lampert is now being well and truly buffeted.  In 2007 his investment firm, ESL Holdings, turned in its worst performance since he created it in 1988, reportedly losing 25% of its value.

EDDIE LAMPERT has endured worse days than these. After all, it is only five years since the billionaire investor was kidnapped in the garage of his office in leafy Greenwich, Connecticut, and spent a weekend tied up in a motel bath-tub before somehow talking his way to freedom. But as far as his investments are concerned, things have never been tougher for a man who has taken home $1 billion a year on two occasions, become the richest man in Connecticut and prompted comparisons to no less an investor than the Sage of Omaha, Warren Buffett.

read the rest published by Economist here:

http://www.economist.com/people/displaystory.cfm?story_id=10608358&CFID=9564039&CFTOKEN=a11ac158234da5b7-FAB0F10F-B27C-BB00-01296FA2790E4E79