All Quotes

It's difficult to fix a truly broken business, but when it happens, the returns can be extraordinary. ”

Even the greatest companies encounter problems or otherwise fall out of favour. ”

There's a real company in Facebook and then a lot of pretenders riding their coat tails. ”

Netflix is a better company with more upside than we had given it credit for than when we shorted it. ”

The deal machinations many companies put themselves through, while certainly a bonanza for investment bankers, can confound the typical investor. ”

If I bring to light a company that's poisoning customers, defrauding investors, or something like that... there just aren't enough regulators in the world to keep up with all of the fraud and malfeasance that goes on out there, particularly in the little nooks and crannies of the market. ”

I have encountered thousands of value investors over the years and am constantly struck by their differences - and their similarities. ”

We call ourselves 'opportunistic value investors.' ”

The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value. ”

I have never believed that large-cap stocks are too well followed to be anything but efficiently priced. ”