• 13 Oct 2008 at 2:12 PM

CNBC: Julian Robertson Has Been Vindicated

By Bess Levin

Erin Burnett spoke with Tiger Management founder Julian Robertson just now, and has declared him “vindicated” for calling for “a doozy of a recession” this time last year. The highlights:
Burnett: “How do you define a doozy.”
Robertson: “Doozy is a tough one…we’re going to have 10-15 years of a poor economy.”
Burnett: “When you say10-15 years, do you mean of actual shrinking or flat-lining?”
Robertson: “I mean10-15 years ’til we have a real good economy again.”
Apparently there’ll be more of the interview at 2:30, when we’ll find out if Julian is buying or selling. Personally, I’m going to be extremely disappointed if Burnett doesn’t ask JR how it feels for so many of his children to be failures, and if he thinks his parenting is somehow to blame.
Update: Burnett chose not to go there. Moving on. JR thought the short sale ban was a “terrible thing,” is buying “some Apple, some Microsoft, Baidu– a Chinese Google– MasterCard, Visa,” and has a “pretty good bet in copper right now.” He also “doesn’t want to be disgracefully crass but will plug THE KIWI CHALLENGE, which will be shown on NBC on the 15 and 16th of November between 4 and 6 pm. It’s the battle of the best golfers in the world under 30, in New Zealand. Tune in, YOU’LL LOVE IT.”

Comments (7)

  1. 1
    Posted by guest | October 13, 2008 at 2:37 PM

    I just drank 32 ounces of cherry Kool-Aid with extra extra sugar; I now have a Kool-Aid mustache. 60mg of Ritalin and three Red Bull’s I’m now ready to build that time machine I’ve been putting off.
    I just haven’t had the time.
    SPODE

  2. 2
    Posted by guest | October 13, 2008 at 2:49 PM

    hey, Erin just said that it is “the age of the hedge fund” per Julian. Wow, do I smell another buffet/quickie relationship building out there?

  3. 3
    Posted by Goldman Sachs Neophyte | October 13, 2008 at 2:57 PM

    @2 yes, the Robertson/Burnett relationship will happen.

  4. 4
    Posted by Goldman Sachs Neophyte | October 13, 2008 at 3:00 PM

    @2 Robertson + Burnett= creation of a new “tiger cub”. In the words of Glenn Qaugmire from Family Guy, “Giggity giggity”.

  5. 5
    Posted by guest | October 13, 2008 at 3:13 PM

    Dylan Ratigan just used the word systemic 7 times in one frigin sentence. I hate him.

  6. 6
    Posted by guest | October 13, 2008 at 5:08 PM

    #3, but it is the same as eating from the buffet?

  7. 7
    Posted by Goldman Sachs Neophyte | October 14, 2008 at 3:27 PM

    @6 no, it is not even close to being the same as eating from the buffet.

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