Gotham Capital

“We made 50% a year for those 10 years before our fees.”

“One of the first deals I did in the first two months I was in business broke. I wrote about Florida Cypress Gardens was being bought by Harcourt Brace, and it was just a little theme park where they had alligators in the swamps and water skiing Santa Clauses, …”

“I don't think that's a business model. I think that's a great investing model. I don't think that's really a viable business model, except for the longest term investors.”

“I'm not wild about the idea of owning a piece of business where it's very labor intensive. These are usually very small shops with one, two or three managers who are working really hard to get a good return. And so while it's very helpful to get them started i…”

“Well, the big picture, our portfolio six to eight ideas were traditionally 80 plus percent of our portfolio.”

“I had in my portfolio five or six merger deals that were going on, whether I had a piece of a security or I had some iteration of it, and I thought that was diversity. In my portfolio, but it turned out it was all the same bet. You know, is the financing going…”

“We have a tech guys who are very sophisticated, you know, one guy, one Google code jam, another one's MIT chess jam. And we need those guys to balance our portfolios, but they're not picking stocks. I picked those guys because they have no idea how to pick sto…”

“And not only were they six to eight positions, but he took as much risk as he could. He used to use leaps instead of just cash, you know, securities or stocks. And they compounded at 50% a year for 10 years, and then he retired.”