it's kind of like life saving.
All right.
So I was a counselor at a boys camp and I was a sailing guy and this, that, and the
other.
But the guys who used to teach the kids how to be like life savers for a summer job, they
used to have this saying-- reach, throw, row, go.
So the second you see a guy drowning or failing, you reach for him.
And if you can't reach him, you throw him a buoy or something so they can grab it.
An inner tube.
And if it's too far from that or you don't have something, you get in a rowboat or something
where you row out to them.
And if you don't have that, you jump in to save them.
And it's the same thing with the shorts, right?
I have something identified, and I probably have in my head 500, 600 names in my head
at any one time.
Literally.
And in my head, there are various forms of reach, throw, row, go.
But when they hit go and it's all syncs up, I go.
And that's how I try to get timing.
I'm not interested in reach.
Like a lot of guys-- like you mentioned Tesla.
Tesla, to me, is a reach.
Or Tesla is a throw.
It's clear the guy is burning cash.
It's clear that he has issues.
But he has so many believers in an easy money environment where people believe in pie in
the sky stuff.
It's early.
OK.
I would rather short Tesla-- seriously, and I will be-- at probably 140 down from 340
when this guy is floating around, limped, can't raise money, story has holes in it,
this, that, and the other.
And I always say jaguar in a tree.
There's some guys who are interested in climbing a tree and wrestling a Jaguar out of the tree.
Well, that's great.
He can bite off your arm, he can cut you up, he can do all sorts of things.
And he can knock you out of the tree.
I'm interested when a guy like you or Luke shoots the Jaguar out of the tree.
The jaguar is on the ground screaming, crying, whatever.
And once the thing is all disemboweled on the ground, I'll go in and cut him up.
That's what I'll do at age 57.
So I don't tackle anything that has momentum, unanalyzable.
Just because it's too high.
Like the FANG stocks, I could care less.
I could care less.
I could care less what Cramer's touting.
I could care less about the NIFTY, or IBD 100, or whatever the hell is going.
No interest.
And I'm also not interested in well-managed, well-run companies who invest for the future.
I've never been short Amazon once.
I've never been short Google, Facebook, Netflix, any of those guys.
And you know what?
Those guys don't know me.
Right.
Or if they know me, they know me in a distance.
The rat bastards and the mother fuckers of the world who cheat and steal, they know me
quite well.
They know who I am, they know what I'm up to, and they know that I'm potentially out
there for them.
Because if you're legit and you play by the rules and you just run regular things, I don't
short stocks because you're going to miss a quarter or Netflix is going to cut price,
raise price.
You could tell me tomorrow Facebook's going to do this, that, and the other.
I couldn't tell you what the stock would do.
But I would tell you that if MiMedx gets raided by the feds or they take away Petite Pete
to make him resign or conduct an internal investigation, I'll tell you the stock will
go down 80%.
So I try to get involved in analyzable situations where I think I have a jump.
Where I think I can out-think, hustle, figure someone else and stay away from this stuff
where it either is caught in a market ether, unanalyzable, or people
think it could go to the moon.
Because I don't want to get into a debate with anyone over valuation or how high it
can go.