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.
I’m not saying go short, just don’t be too fragging’ long.
When we started Appaloosa, we were going to name it Pegasus because everyone was using Greek names. We filed the name. We paid $300, and they said you cannot use it because it is taken. Pegasus Funds. Then we said Pegasus is kind of a horse. We did not want to be the Unicorn Fund. So we pulled out a horse book.
I’m just a regular upper-middle-class guy who happens to be a billionaire.
But there is no logic to QE3 now and the only result might be more food and energy inflation.
It’s our contention that equity may be in the money, depending on where the liabilities lie.
I loved baseball. I lived and died for Roberto Clemente. I knew every player in the major league. You could pull a player’s card, and I could tell you the statistics.
I was never afraid to go back to Pittsburgh and work in the steel mills.
The more I make, the more I’ll give away.
We bet on the country’s revival.
I’m the animal at the head of the pack. I generally am.
It’s nice when you can buy cash, when it’s cheaper than cash.