Julian Robertson Quotes

Hedge funds are other hedge funds’ toughest competition. And there are just more of them, and it’s tougher and tougher all along.

It seems to me that the least deserving recipients of wealth are inheritors. Further, there are many indications that inheritors often have trouble adjusting to their unearned inheritance. An inheritance tax would de facto help remedy this.

It’s definitely much harder to run a hedge fund today than it used to be, in my opinion. That’s because there are more hedge funds to compete with.

I’ve got less respect for our politicians, for instance, who are not worried or apparently don’t even consider the fact that Apple and a lot of the other good technology companies are going to create an automatic car. Think of the jobs that’s going to cause to be gone.

I came to the conclusion that it was unlikely that a man as really awful as I think that Steve Jobs was could possibly create a great company for the long term. I just don’t believe bad guys do well in the long run.

I think I’m going to refrain from criticizing Apple too much. I mean, that’s been a pretty great company.

When I got out of the Navy… all those hotshots, the guys that were really smart and attractive and all that, guess where they were going? They were going into advertising. That was the hot thing then.

Digital Globe is, I think, a really great company. And it’s had its virtual monopoly in the area where it is.

I don’t see any particular sweet spot. But I do see sweet stocks that I really love and like and think are going to do well. And one is a company that probably makes that beautiful toenail polish you’ve got on. A company called Ulta. And it has just beautiful beauty salons all over the country.

We had a field day before anyone knew anything about shorting. It was almost a license to steal. Nowadays, it’s a license to get hosed.

In baseball, you can hit 40 home runs on a single-A-league team and never get paid a thing. But in a hedge fund, you get paid on your batting average. So you go to the worst league you can find, where there’s the least competition.

I don’t tweet. I don’t know how to tweet.

My message is get into what you love and really want to do and can do. And there are these tests you can take for that. All the colleges have them.

I suppose if I were younger, I would be investing in Africa.