True or False?

a. We claimed that the best strategy was to wait and proceed only when the conditions were good (i.e. Tesla price was high in the future so the payoffs would be high). However, if we are very pessimistic about Teslas futures prospects, the first choice of investing and building now will be better for us.

b. CDOs of subprime mortgages pool mortgages to create a security that concentrates bad states together.