Julian Robertson is the founder of legendary hedge fund Tiger Management. He mentored over 40 ‘tiger cubs’ and the company became the world’s largest fund, which surpassed over $23 billion invested over the years. So what are some of his secrets to success?
How Julian Robertson Became A Hedge Fund Billionaire
His strategy in a nutshell“For my shorts, I look for a bad management team, and a wildly overvalued company in an industry that is declining or misunderstood.” “Avoid big losses. That’s the way to really make money over the years.” "Our mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them. If the 200 best don't do better than the 200 worst, you should probably be in another business.""Hear a [stock] story, analyze and buy aggressively if it feels right."Qualities to look for
seeding new companies"Competitiveness. Is he a competitor?" "The first thing is, is the management decent and honest? A lot of people don't really care about that. The way to look into that is to do some diligence." His investment styleIt is generally believed that Robertson was a macro trader and followed worldwide trends. He was against fundamentals and many of his moves were based on a "smart idea, grounded on exhaustive research, followed by a big bet."
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