You don't have to be as smart as you did before. You just have to be in the game. - Mr. Klarman

"Normally, as a buyer you have to compete with a lot of very, very smart competitors," said Mr. Klarman. "But many of the smartest people are on the sidelines now because of redemptions, margin calls or panicked-out-of-their-mind selling. So you don't have to be as smart as you did before. You just have to be in the game."
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