How to Make Money in a Down Market?

iad: I've seen a lot of hedge pone managers. Long only managers. Have been doing this now, from this seat for 15 years. That's o certain age, the old troglodite himself here. You're very good at loading the lot when you think you're going to be right. But what is it like? Maybe use those two examples, if you don't mind, or one one of the two on why you went big in those s, or home runs in a down market.