He made a commentary this morning that I thought I'd share, and it goes something like this:
"How can someone make a few billion dollars and still be clueless? Clueless doesn't mean that you can't be lucky. Clueless doesn't mean that you can't have big kahunas. Clueless doesn't mean that you can't be right. But, when you publicly change your mind based on the orderly dissemination of old news, it is an indication of not possessing the necessary industry know-how. Most would say that I'm crazy for suggesting this. And others would call it a rich man's indifference or maybe it's 'crazy like a fox' posturing. I say not a chance. Smart people would never talk about their positions unless they want out and then that's unethical. So, assuming a positive ethics check, just plain clueless is all that works..."
Ok, I guess it was just that. Not paraphrased. ^That.^
I wish more people were willing to say what they think, especially in the money world. Just say it out loud.
Tell the truth. That is all. Thank you, Tom Sosnoff. Make it a good day.