"As you have heard me say on many occassions, the key to Tiger's success over the years has been a steady commitment to buying the best stocks and shorting the worst. 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 account for much."
-The great Julian Robertson, Tiger Management
Friday, June 8, 2007
Quote of the Day
Posted by Mike at 8:06 PM
Labels: 2000 Stock Recession, Bubble, Dot Com, Hedge Funds, Irrational Exuberance, Julian Robertson, Macro Strategy, Tiger Management
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