Julian Robertson

“The old SAC was a great example for many, many years SAC generated phenomenal returns on the capital, and yet, with somewhat, some great consistency, the people that spun out couldn't come anywhere near replicating it on its own, and back then, SAC was really …”

“Back then in the nineties, the big trade that Tiger had and where Julian made tons of money was a macro trade. He did it through individual stocks, but we were short Japan and long the US. And that was a massive macro trade. It was one of the most brilliant ma…”

“The first thing is when they lost conviction in an idea, they got out. They didn't wait around. They didn't get half the position out. They just got out of the position and they took whatever the market price was.”

“The other thing is, is shorts are working. It's tough, but you need to keep the position on. Let's say you start with a three percent short. It halves. It's only one and a half percent now. So Julian would always say, well, the best shorts go down 90%. They do…”

“Julian was part of the original capital that helped seed it.”

“It was a magnificent, exciting, terrifying period of time where I had the opportunity to work with David Swenson, Julian Robertson, and Andrew Golden, who were investors in our fund at the time”