"This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.”
google.com/amp/s/25iq.com…
"For better or worse we’re a herd leader. We’re at the front of the pack. We are one of the first movers. First movers are interesting; you get to the good grass first, or sometimes the lion eats you.”
“The question is what size gets you – except more fees for the manager. But it doesn’t necessarily make the investor more money.”
David Tepper.
Nothing cures the desire for excess leverage like watching someone get a margin call in a big drawdown.
Supply of ventilators > needed creates more confidence he says. cnbc.com/2020/03/23/dav…