The key to Tiger's success over the years has been a passionate commitment to excellence and to recruiting the best talent available.
We will not invest in dot-com companies that have no earnings, no clear path to earnings, and valuations that make no rational sense to us.
The situation is as bad as I have seen in 28 years. The current technology, Internet and telecom craze is a Ponzi scheme.
I have always believed that markets would ultimately reflect fundamentals. This is not always the case in the short run.
Find the best CEO in an industry and back them. The quality of management is the single most important factor in a company's long-term success.
Shorting is the most intellectually honest thing you can do in markets. It keeps you from being complacent about the longs.