Julian Robertson: A Tiger in the Land of Bulls and Bears
$18.52
| Author(s) | |
|---|---|
| Format |
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| Pages |
290 |
| Published Date |
2004 |
Julian Robertson: A Tiger in the Land of Bulls and Bears will explore this legendary fund manager’s role in the development and popularity of hedge funds, examine his investment methodology and strategy, and look at the growth of his fund and his ‘Tigers’–individuals who have gone on to great success themselves. Julian Robertson is one of the most successful and well-known hedge fund managers of our time. For nearly twenty years his infamous fund–Tiger Management–was the talk of the town, routinely delivering double-digit performance.
Introduction:
THIS IS THE STORY OF HOW MONEY IS MANAGED AND HOW legends are made. This book is about one man’s ability to continually exploit market inefficiencies and extract huge profits from his work. It is about how, by employing and utilizing some of Wall Street’s best and brightest minds, he was able to continually beat the market and establish himself as one of the greatest money managers of all time. It is about how winning is not something but how it is everything. It is about how he sometimes pushed his employees to an extreme that caused them to deeply resent their boss.
It is about how he expressed his thanks for their tireless efforts with nothing more than a pat on the back—and a bucketful of money. It is the story of how one individual with incredible drive and a will to win at whatever cost built one of the most successful hedge funds and money management organizations of all time. It is also the story of an individual who has forever impacted the way money is managed around the globe but whose success came with a streak of envy that many believed eventually led to his downfall.
This is the story of a money manager who became an overnight sensation by leading the growth of an organization from a group of under 20 people managing just around $8 million in assets to an organization with more than 100 people managing more than $21 billion in assets. It is about how the organization went from being a small family business with a culture based around mutual success and enjoyment to an investment management corporation with a culture laced with infighting and greed. It is about the growing pains, the frustrations, and the cultural problems that the company experienced on its rise and its fall in the wake of the technology bubble that rocked the equity markets at the dawn of the millennium.
It is the story of Julian Robertson and Tiger Management. Julian Hart Robertson Jr. has been called everything from arrogant and mean to gruff and stubborn. He is considered by some to be extremely kind, and his southern charm is legendary. And while many of his contemporaries, former colleagues, and some his friends say nice things about him, one thing is quite clear: He is a complex man.
Contents:
- Making Money in Metals
- The Birth of a Tiger
- A Southerner on Wall Street
- The Tiger Finds New Hunting Grounds
- The Tiger Begins to Growl
- The Crash of 1987
- The Dawn of a New Era
- The Tiger Tangles with the Press
- The Peak and the Fall
- The Press Dissects the Tiger
- The Tiger Cubs
- Lessons Learned from the Tiger
- Noblesse Oblige
Julian Robertson: A Tiger in the Land of Bulls and Bears By Daniel A. Strachman pdf
9 reviews for Julian Robertson: A Tiger in the Land of Bulls and Bears
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Nathalie Avery (verified owner) –
Access to the quarterly letters were worth it on their own. This book gave a good idea as to the macro investment thesis that Julian was working off year by year.
Emelia Lozano (verified owner) –
Incredible Book
Lucia Sellers (verified owner) –
Daniel Strachman should be thrown in jail for writing such a terrible book. He writes as if he never attended grammar school and could not pass a first graders literature test. His writing is offensive and utterly atrocious. This is by far the worst written investing book that I have ever read. It’s a complete insult to Julian Robertson and any of the tiger cub members. Please do not buy this book and support the clear negligence of the author. I feel like I have been robbed of my money. I hate you Danile Strachman. Please do us all a favor and NEVER write anything ever again.
Hugh Portillo (verified owner) –
After reading Steinhardt’s biography, I was so intellectually stimulated to ferociously search for a book on Julian Robertson. This is the only book available. My enthusiasm was tamed after reading the reviews. But I am so eager in understanding and learning from the legend, I pick up the book anyway. I am disappointed.
To be fair, the author tried hard and apparently obtained Robertson’s invaluable meno to investors, interviewed ex-Tigers and investors and even Robertson himself. I did manage to learn about how Robertson operated Tiger that got him success: the rigor, the thorough research and ability to listen to all brains and yet make and stick to his judgement with conviction.
A lot of good raw material there but the author failed to synthesize all the information and even go deeper to the moment when the trade was made: what drove the decision, what was the struggle when things didn’t work out and how the Tiger powered through and what was the result and learning.
For example, the author wrote in a chronical manner of what happened each important years and briefly touched on key trades that must have been in the investor memos by Robertson. But it ends there. He wrote about Tigers big bet against Japan’s bubble days in late 80s and subsequent suffer and pare back in one of the years, and then nothing followed through but a sentence on Tiger made money on several trade one year including in Japan. It was like watching a exciting movie that suddenly ended. Also the way of writing is hard to follow: a lot of circular repetition which is somewhat confusing.
I wish Robertson wrote the book himself
Kaylee Weber (verified owner) –
If you are an investor trying to learn the ropes the book doesn’t offer much insight into investing. It is a decent look at one of the greats but not too helpful.
Crew Robertson (verified owner) –
I am very interested in the markets and Julian Robertson is a legend but this book did not keep my attention and I had to put it down before I could finish it.
Jakari Adkins (verified owner) –
Teaches the reader how to make money in stocks SAFELY.
Madden Patterson (verified owner) –
Disappointing. Great topic, but the writing is so bad, I couldn’t finish it. The author is quite repetitive and after the second page of what should have been a couple of paragraphs, you’re just ready to move on. Too bad.
Harmony Macdonald (verified owner) –
One can learn a great deal from failure. For that reason, I was anxious to read this book, as it is the only biography of Julian Robertson that I know of. Robertson was a noted value investor but his funds collapsed after he made some very poor bets, especially a real dog called US Airways. His investors pulled out and he had to close his funds.
Surely we can learn from that experience, if we hear from the man who was responsible for that failure?
Unfortunately we do not. There is very little insight into Robertson, and nothing helpful on the collapse of his funds. Instead, we get the spin that Robertson’s flacks put out after he failed, which is that he “accurately predicted” the high-tech crash that subsequently occurred.
In other words, Robertson wanted to be treated as an investment guru and not an asset manager. Strachman incredibly goes along with that hokum. An investment guru opines on the markets. An asset manager bets on the markets. If Roberson felt the market in high-tech stocks was “irrational,” why didn’t he go short? Why did he throw in the towel?
It’s not clear this question was asked, as it is not addressed. Instead, we get p.r. flackery and hagiography.