Elon Musk is a very, very smart man, but there are a lot of smart people in this world, and you've got to execute. He's got execution problems.
What value does cryptocurrency actually add? No one's been able to answer that question for me.
Do your own homework. I can't overstate the importance of this.
Running my fund in 2008 felt a little like being Noah. Noah builds his ark, and he puts his family on the ark, and off they go. So he and his family are safe, and everybody else is dying.
When I started out as an equity analyst, we had no securitization data. We relied on company data.
Deutsche Bank has a very simple problem. It doesn't make money.
Citi is the cheapest large bank.
The one stock in my portfolio which I say hasn't worked yet but has the potential for a big home run is General Motors.
The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.
The world needs more standardization, less innovation.
I'm shorting two stocks in the U.K., but I've got a screen of about 50, and I might short all 50 if I think Jeremy Corbyn is going to be prime minister.
It's very hard to argue with someone who thinks he is God because he makes a lot of money.
What is very negative is that in every country in Europe, the largest owner of that country's sovereign bonds are that country's banks.
I don't see the value in Tesla.
I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task.
Once in a blue moon, an entire industry is a good short.
I'm not short, so I can make a speech and drive the stock down and cover the stock. That's not what I do.
I know my Trotskyites well, and I know you don't want to be invested in the U.K. if a Trotskyite is prime minister.
Deutsche Bank is a problem bank.
Alan Greenspan is the worst Chairman of the Fed in history.
