5 Brilliant Investing Quotes | Julian Robertson Tiger Management

Julian Roberston is a billionaire former hedge fund manager of Tiger Management.

Now 89 years old Robertson likes to invest into many so called “Tiger cubs” these are former Tiger Management employees who have since founded their own Hedge Funds. Julian Robertson lives in New Zealand’s North Island having purchased three new homes there. 

Investing Strategy: Hedge Fund

How did Julian Robertson make his money?

Julian Robertson founded Tiger Management, one of the pioneers of the Hedge Fund Industry. Robertson turned just $8 million in start-up capital in 1980 into over $22 billion in the late 1990s which cermentated his position as a Legend.

However, that was followed by large outflows from investors which ended with the fund closing in 2000.

Why did Julian Close Tiger?

At the Height of the Dot Com Bubble, March Year 2000. Julian Robertson decided to retire from Tiger Management. The Value investing fund had a strategy of “Buying the best stocks & shorting the worst” . Value investing performed terribly during the dot com rally and shorting the internet mania proved to be fatal.

Robertson stated to his clients in his closing letter.

‘In a rational environment, this strategy functions well. But in an irrational market, where earnings and price considerations take a back seat to mouse clicks and momentum, such logic, as we have learned, does not count for much.”

As Internet Stocks rallied to all time highs , value investing funds were seen as dinosaurs and many saw massive outflows.  

As technology stocks soared to record highs in the year 2000, The fund return was down -13.5%. 

However, Robertson was in good company as Warren Buffett also saw woeful returns during the dot com mania as Berkshire Hathaway’s book value rose by just 0.5%. 

Robertson went onto say:

”I’m not capitulating,” 

”I’m not going to quit investing. But it will be nice to get out of the public eye.

I don’t mind people calling me an old-economy investor, but it doesn’t go over well with the clients.”

“Hedge Funds are other Hedge Funds Toughest competition” – Julian Robertson (Value Investor).

It’s becoming harder and harder to beat the market as any inefficiencies are usually exploited very fast. This makes investing into the Stock Market a challenge especially for large hedge funds.

2. Understand Consumers

“Anybody that doesn’t like Netflix, that’s like saying you hate Santa Claus”  – Julian Robertson.

Julian Robertson is 89 years old and thus this quote is quite funny & surprising. Although it’s clear Robertson understands Consumer behaviour which is a great trait for choosing good companies to invest into.

3. Invest into Africa

“I suppose if i were younger, I would be investing into Africa” – Julian Robertson (Value Investor)

Africa has the potential to be the next major place for investment with rich mineral resources for Electric Vehicle batteries & a growing economy. Companies such as Fintech Giant Square are investing into Africa. 

4. Do what you love!

“Get into what you love & really want to do & can do” – Julian Robertson Legendary Investor

Self Awareness comes before Self Development. Knowing your strengths, traits, insights & what you love is the first step. Then living these is the second step. As Warren Buffett states “Tap Dance to work”. 

5. Learn To Invest

“Accounting was the course that helped me more than anything” – Julian Robertson (Legendary Investor)

Learning how to read financial Statements such as the Income Statement, Cash Flow and Balance sheet is essential for investing success.

If you want to learn how in a simple & easy to understand way check out our Ultimate Investing Strategy Course. 

Julian Robertson Quotes Gallery