Brad Jacobs

In our case, it came down like 26% the first day.

Big drop.

And it was interesting because the day it happened, just as it happened, just by coincidence,

I had Adam Carr and Matt Adams in my office, who were the two top guys running a little over a billion dollar position at the time in XPO, visiting my office.

And I was in the middle of the room, and someone walked into the room and passed me a paper, a screenshot actually, of what had just gone on.

The stock is down 20-something percent, and some short seller is making up all this crazy stuff about us.

And so in real time, we talked about it.

Because every situation, there's a play.

Every situation...

There's a way to make money.

If you stay cool and you're smart and you keep an open mind and don't take it too personally, you'll find ways to capitalize in that situation.

In this case, we said, okay, look, the stock is down a lot, but for no reason.

It's not like our numbers got worse.

It's not like we did a pre-announcement and we're going to miss by a mile our earnings.

It's not because it was some big lawsuit that was very vicious or the government regulator.

There was no reality to this.

It was just a bunch of silliness.

And so temporarily the stock was dislocated.

So you say, okay, what's the right move here?

The right move was really obvious.