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 manyof 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."
Julian Robertson's Dream Of Being Appointed Obesity Czar So Close He Can Taste It
He'll get his wish (and golden fat poker) yet.
Julian Robertson Made Mitt Romney An Offer He Could Refuse
And did! (Next time think about throwing in a tutorial on not letting The Man make you his bitch and some tales from the crypt to sweeten the deal.) Not long after Mitt Romney dropped out of the presidential race in early 2008, a titan of New York finance, Julian H. Robertson, flew to Utah to deliver an eye-popping offer. He asked Mr. Romney to become chief executive of his hedge fund, Tiger Management, for an annual salary of about $30 million, plus investment profits, according to two people told of the discussions. For Mr. Romney, who had spent the previous decade in public life forgoing any paychecks, the position promised to catapult him back to the pinnacle of American business and into the ranks of the stratospherically rich. Several friends and relatives urged him to accept. “Let’s put it this way,” said Mr. Robertson. “He could have made a lot of money.” But Mr. Romney was uninterested. Defeat, Introspection, Reinvention, Nomination [NYT]