Well, he's just the same guy who in other aspects of his life would be very late to a trend.

The corporate killer downsizing is directly responsive to what the mutual funds have wanted.

I am doing my best to find it. I will find it before the public finds it. I will get out of it before it's too late. The reason I will do that is because that's what I'm paid to do.

I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works.

On days like today you realize that you just can't keep these hypergrowth stocks down.

The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do.

There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.