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What I'm saying is that there are bargains right now, there are stocks right now that if you're shrewd enough, you will be able to buy them at the opening today and I you'll make money in a year from now.
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I invest in funds myself even though I run my own fund for my daughters.
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I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works.
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I am doing my best to find it. I will find it before the public finds it. I will get out of it before it's too late. The reason I will do that is because that's what I'm paid to do.
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I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.
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I mean that what makes me a professional, but the market itself has been fabulous during this whole period and I've got to give the market credit before I give myself credit.
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Apple is becoming the JC Penney of tech. I think that there is a sense that the company is in a tailspin, and it doesn't seem to matter what they do right now. … Whatever product that is coming out in September is a clear loser. We haven't seen it yet, but it is a loser.
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And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else.
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Microsoft was not a mysterious, strange entity. You put your PC on and there's an ad for them.
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You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.
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Go cry to your mother.
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I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.