The G S Isn't Stuff.

The best play on a commodity thing is a most marginal producer in the period of scarcity. If you could actually figure out a bubble and something and the bursting of it, then you could make money by investing in things that are actually have a very bad long term future but we'll have a good future. And certainly that's true with financial things. I mean, at the point at which you realize that this bank or somethin is a mistake and you should sell it, it could be years before that becomes obvious to others because of what they're doing.