CNBC: Julian Robertson Has Been Vindicated
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."
