Isn't the difference between Eddie Lampert using Sears to extract cash to invest in other hedge-fund like opportunities and Warren Buffett using the float of his insurance companies to invest that insurance companies generating float is a sign of health whereas starving a retailer of cash is a sign of weakness (for the retailer)? Washington Post: Risky Side of Sears: Retailer Is Recast As a Hedge Fund
Or is he saying the Sears is literally Berkshire Hathaway (the dying textile mill that can't justify any ongoing reinvestment?)