Friday, June 8, 2007

Quote of the Day

"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

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