There is something to be said for this:
Billionaire Leon Cooperman believes that no stock or sector is off limits when he's looking for investing. In fact, he says, he'd buy any stock or bond at the right price. While the chairman and CEO of Omega Advisors says there's no secret sauce, he points to one thing as crucial: free cash flow. "Free cash flow gives companies the luxury to do good things, whether it's pay dividends, buy back stock, invest in new plant equipment, et cetera," he said.
Wall Street legend Leon Cooperman reveals investing tips
And Soros on the Italian crisis:
if the coalition introduced any innovation that could be seen as a parallel currency, it would trigger a run on government bonds and a flight of deposits from Italian banks. But there are reasonable complaints as to the way the euro area is being managed.
If the EU punishes Italy, it will reap the whirlwind | George Soros | Opinion | The Guardian
Indeed, we saw that happening last week, but the room for policy experiment is very small, debt/GDP hasn't budged even during the last years with the economy growing, record low interest rates and the ECB bond buying. Imagine what a recession does, or policy mistakes, which are likely with an inexperienced government that basically consists of fairly extreme left and right parties.