Give me a big enough sandbox to play in, and I'll find the part of it not being used as kitty litter. - Andy Kessler

But I was confused. Here we were scrambling around looking under rocks for great long-term investments, and every other hedge fund, or so it seemed, was doing some funny hedge of cheap yen money and T-bills. That's investing?

Our portfolio was more of a Roach Motel-stocks came in and never left. This was exciting.

The stock of the greatest company in the world is crap if every investor already thinks it is the greatest company in the world.