Julian Hart Robertson Jr. (June 25, 1932 – August 23, 2022) was an American billionaire hedge fund manager. He founded Tiger Management Corp. in 1980, which became one of the largest and most successful hedge funds in the world, managing over $22 billion at its peak. Robertson is considered one of the pioneers of the hedge fund industry and is...
"Invest in industries where competition is limited and rational. Avoid commoditized businesses with intense price competition. Look for barriers to entry and pricing power."
Invest in industries with limited, rational competition.
Read Full Analysis →"Invest in businesses with durable competitive advantages, strong cash flows, and management integrity. Quality businesses compound wealth over time and reduce downside risk."
Quality businesses compound wealth and reduce risk.
Read Full Analysis →"Before investing, identify the moat — the sustainable competitive advantage that protects the business from competitors. No moat means no long-term edge."
Identify sustainable competitive moats before investing.
Read Full Analysis →Julian Robertson has 3 key principles on business quality. The most important one is "Competitive Intensity" — Invest in industries where competition is limited and rational.
Julian Robertson applies business quality through several key principles including "Competitive Intensity" and "Quality Business Criteria". These principles guide practical investment decisions and have been tested across decades of market cycles.
Julian Robertson's approach to business quality is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Julian Robertson provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
