Julian Robertson Quotes
103 Julian Robertson Quotes
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[On Hedge Fund fees.] I think the fee structure will be determined by competition…
Julian Robertson
[In November 2008 on North American sport franchises.] There is a lot of interesting business involved in these things, but they’ve been bid up to pretty ridiculous levels.
Julian Robertson
[In November 2008 on North American sport franchises.] That's kind of the toy that every man wants, but I think I've done pretty well so far by being poor enough that I couldn't possibly afford one or even contemplate owning one.
Julian Robertson
My wife and I kind of dropped out and went to New Zealand in 1979 and we came back with another child we hadn’t expected to have, made in New Zealand.
Julian Robertson
[In November 2009] There is something strange in that the make-up of most hedge fund people, successful ones. The person has a real interest in making this world a better place than when they got into it. I don’t want to promote the business that much, but I definitely feel that that’s the case.
Julian Robertson
[In November 2009] We’ve found that competitors are usually better hedge fund managers.
Julian Robertson
[In November 2009] When we decided to shut down Tiger… I persuaded three of our most successful analysts to stay with us. They were the first seeds. Two out of three were huge successes. The third one was more than three times as successful as I expected any of them to be.
Julian Robertson
[On what it takes to be a successful hedge fund manager.] 1) Honest 2) You have to be intelligent 3) The competitiveness and the ability to get along with a team is extremely important
Julian Robertson
[In January 2010] I ask anyone to give me an example of an economy beefed up by hug amounts of fiscal and monetary stimulus that did not inflate tremendously when the economy improved.
Julian Robertson
[On Gold in January 2010] It’s less a supply-demand situation and more a psychological one – better a psychiatrist to invest in gold than me.
Julian Robertson
[In March 2010 on giving $10.2 million to help advance the use of cord blood as a therapy.] Dr. [Joanna] Kurtzberg's research reflects the kind of transformational science that has the potential to change the lives of thousands of people throughout the country and around the world.
Julian Robertson
[In November 2010] I’ve never been a believer in gold.
Julian Robertson
[In 2010] No-one ever gives out an award unless they’ve warned the recipient three months in advance.
Julian Robertson
[In 2010] It takes two people to have a love affair. It takes two people to tango.
Julian Robertson
[In 2010 on him originally spending time in New Zealand] I was really escaping a job I wanted to change…
Julian Robertson
[In December 2011] The hedge fund business is getting tougher because there are more hedge funds being created an the reason for that is it’s the best way to pay these very competent guys on Wall Street, so they matriculate into hedge funds.
Julian Robertson
[In December 2011] The industry has a lot of legs because it is the best way to run money.
Julian Robertson
[In December 2011] The easy times are over.
Julian Robertson
[In 1980 when he started his Hedge Fund – Tiger Management] There were Soros and one other fund. I would estimate that there was less than half a billion dollars invested in hedge funds, total.
Julian Robertson
It is so lucrative to be in this business; the desire from people who want to go into this is enormously high. Where there is that much will, there is going to be that much way.
Julian Robertson
In general, when people first join the firm they are assigned to senior professionals whom they work with for the next two, three, or four years. They get the grunt work of ratios and statistical stuff. But that can change fairly quickly. If they are successful, the promotion rate is very quick. We had a thirty-year-old president at one time, so people get very important positions quite soon. I think that is why so many people like the hedge-fund industry.
Julian Robertson
In general, hedge funds are much tougher competition than investment banks or mutual funds. There are exceptions, but most hedge funds have very smart people in them.
Julian Robertson
[In 1994] We have never felt compelled to be in macro. Stock selection has always been our stock in trade.
Julian Robertson
Bonus
Julian’s impact will be felt on the hedge fund industry for years to come. He created a factory of sorts that, instead of making widgets, make great money managers. There are literally 30 to 40 people who run successful hedge funds who got their start at Tiger. It is truly an incredible thing that he has done.
Hunt Taylor
Julian Robertson may be the most important person to ever manage money.
Michael Cacace
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