Julian Robertson Quotes

There are a lot of idiot fund managers out there who add no value to the process at all.

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin' was good.

I thought if we could put our hard-working culture as traders into the asset management, it will be a great combination, and we did do that.

Great investors need to have the right combination of intuition, business sense and investment talent.

I've just done a commercial in the U.S. in which I talk about stocks, shares and bonds. Everyone is amazed. They ask me: 'You really know about that stuff or did you just learn it for the commercial?' I tell them I wouldn't do it unless I understood and had an interest.

I've been investing in the stock market for 27 years and, within that time, have helped investors beat the market nearly four to one.

I started trading around 1979, fresh out of college. In the early '90s, I started guesting for major news media.

Traditionally, we think that people with ideas are innovators - that Silicon Valley is the world of ideas. But within the hedge-fund world, they believe that they are men of ideas - that the trade is unto itself one of ideas.

There's quite a bit of evidence that even professionals don't show any ability to pick stocks or to predict market rollbacks. Most of the people we identify as skilled based on returns have probably just been lucky.

In banking, it was my responsibility to deliver investment opportunities and solutions to hedge fund clients, and at Bloomberg, it's my job to break down news that matters to our viewers and readers.

Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.

As an investment banker, I'm in the cross-flow of information and the changes that are taking place in capital markets.

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.

When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

Zeroing in on the best sectors or the best regions of the world is great, but zeroing in on the very best individual stocks is the key to making truly impressive profits.

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

Some of my best friends are Venture Capitalists, but let's face it, a hamster with Alzheimer's could make those kind of numbers. It's great work if you can get it.

Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.

I was not a student of Wall Street, but I was a quick study.

I'm a kibitzer with a broad portfolio.

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.