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...
"The market exists to serve you, not to guide you. Use market prices to your advantage — buy when the market offers bargains and sell when it offers premiums."
Use the market as your servant, not your guide.
Read Full Analysis →"Markets move in cycles driven by human emotion. Understanding where you are in the cycle helps you prepare for what comes next and position accordingly."
Understand where you are in the market cycle.
Read Full Analysis →"In the short run, the market is a voting machine; in the long run, it's a weighing machine. Prices can diverge wildly from value, but eventually converge."
Prices diverge from value short-term but converge long-term.
Read Full Analysis →Julian Robertson has 3 key principles on margin of safety. The most important one is "Market as Your Servant" — The market exists to serve you, not to guide you.
Julian Robertson applies margin of safety through several key principles including "Market as Your Servant" and "Market Cycles Awareness". These principles guide practical investment decisions and have been tested across decades of market cycles.
Julian Robertson's approach to margin of safety 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.
