The key is to wait. Sometimes the hardest thing to do is to do nothing.
It’s nice when you can buy cash, when it’s cheaper than cash.
I can’t really call myself a bull, I’m not probably as bullish as I could be because I have problems with earnings growth, I have problems with multiples.
I could buy an island. I could buy a private jet – but I have Net Jets
I have too much money to quit.
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 am the animal at the head of the pack. … I either get eaten, or I get the good grass.
I’m rubbing your balls for good luck!
GM will do what’s best for GM, and Delphi should do what’s good for them.
It’s our contention that equity may be in the money, depending on where the liabilities lie.
I left Goldman Sachs. I was thinking about going to another Wall Street place. I didn’t want to do that. That was crazy. After you work on Wall Street, it’s a choice: would you rather work at McDonald’s or on the sell side? I would choose McDonald’s over the sell side.
Basically if I know that things were coming, if I got the right things out of Europe, I would invest in different things there,” he said. “I’d really invest more in Spain, but I’ve got to have the right things because if I don’t I’m going to get killed.
I’m just a regular upper-middle-class guy who happens to be a billionaire.
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 was never afraid to go back to Pittsburgh and work in the steel mills.
But there is no logic to QE3 now and the only result might be more food and energy inflation.
The more I make, the more I’ll give away.
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.
We bet on the country’s revival.
I’m the animal at the head of the pack. I generally am.
I’m not saying go short, just don’t be too fragging’ long.