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Julian Robertson: A Tiger in the Land of Bulls and Bears Hardcover – August 27, 2004
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From the Introduction
Take one look at Julian Robertson and youll quickly see that hes a man who aims to be the best at whatever he does. Robertsons skills at finding opportunities to exploit in the canyons of lower Manhattan and in markets around the globe are legendary. The numbers speak for themselves: Tiger Management grew from $8.8 million under his management in 1980 to more than $21 billion in 2000.
Written by hedge fund expert Daniel Strachman, Julian Robertson: A Tiger in the Land of Bulls and Bears is the first in-depth look at one of the most successful and well-known hedge fund managers of our time. Following Robertson from his days as a Salisbury, North Carolina, youth to his domination of Wall Street, this engaging book traces his inspired climb to the top, and his often controversial tenure at the helm of one of the most successful hedge fund organizations in the world.
In the pages of this book, youll learn about Robertsons ability to find and execute trades in the equity, fixed-income, and commodities markets. Youll see how he was able to stay the course in the copper market during an incredibly volatile time in the market and reap huge rewards from his trades. Robertson believes theres no place for second best and is willing to do whatever it takes to win. At Tiger, winning wasnt everythingit was the only thing.
Filled with candid interviews with Robertson, his colleagues, and his peers, Julian Robertson: A Tiger in the Land of Bulls and Bears uncovers both the personal world of Julian Robertson and the trading strategies and investment style that have made him a legend in his own time. Youll be there to watch how Robertsons determination, financial skills, and vision allowed him to get Tiger Management up, running, and into the game. But youll also be there as missteps and market malaise led Robertson to shut the fund complex down in 2000.
While exploring this legendary fund managers role in the development and popularity of hedge funds, youll also learn how the culture at Tiger Management bred other successful fund managers known as Cubs, who will continue to impact the way money is managed for many years to come. Today, the Tiger Cubs are believed to manage more than ten percent of all assets allocated to hedge funds around the world. There is no other manager whose tentacles reach as far and wide into the money management world.
Julian Robertson is one of the greatest traders and money managers of the century, as well as one of Wall Streets greatest teachers and inspirers. Filled with revealing anecdotes and economic insights, Julian Robertson: A Tiger in the Land of Bulls and Bears is not only the story of Julian Robertson and Tiger Managementits also the story of how legends are made.
More About the Author
Daniel is the author of nine books on investment strategy, the hedge fund industry, and investment managers. His articles have appeared in The Financial Times, The Boston Globe, Interview Magazine, The New York Post and American Banker. He is often quoted and appears in the news media and is adjunct professor Rutgers University Business School.Mr. Strachman graduated from Clark University with a Bachelor of Arts. Email him at firstname.lastname@example.org
Top Customer Reviews
Pointless, mostly hagiographic recycling of the various articles on Julian Robertson.
Unlike, say Lowenstein on Buffett, or Manes & Andrews on Gates, you will not find a comprehensive, insightful biography, nor any thoughtful discussion of the processes of investing and building a money management business.
That book remains to be written, and deserves to be.
I have nothing against either the author or the subject of this book. In fact, don't take my word for it, just search through this book as I didn't do before buying it. Then compare it to other books about hedge funds, such as the really great biography of George Soros by Michael Kaufmann. This one is not in that league.
My problem with the book is a bit like the old joke--the food was terrible, and the portions were so small! This book is really skimpy when it comes to detail. You don't get a feel for what it was like to be Julian Robertson, head of this massive fund organization. My other problem is that what there is in the book just isn't very good. It doesn't read well, it is awkward and sloppy. But the thing that put me off the most about this book was its constant flattery of Robertson, which undermined the book's credibility. Also he relies far too much on quotations from magazines as he wraps up the end of the Robertson funds in 2000.
This book was a terrible waste of money. I came away feeling cheated. Really really bad.
I actually got MORE from any one of the magazine pieces I read than I did from this book!
Also I discovered from reading the articles that Robertson was sunk by an overconcentration in several stocks, including U.S. Airways. That isn't even mentioned in this book, so obviously I wasn't going to get more on that subject. I wonder if the author did any research before writing this book. It reads as if it was produced by some p.r. guy.
The numerous grammatical, typographical, numerical and reference errors further detract from the overall quality of the book and give it the appearance of the unfinished manuscript of a high school senior flunking English instead of a marketable work.
Although the book's jacket promises "candid interviews with Robertson" aside from a few scattered quotes by Julian and his Cubs most of Strachman's "inside information" is obtained from Robertson's Memos to Limited Partners and the fund's marketing pamphlet.
Moreover, the analysis of different money management strategies is far too basic to be of any real benefit to anyone serious about finance. This is especially strange since the author is himself a Managing Director of an asset management firm. It feels as though Strachman is trying to make the material more accessible to the armchair investor - but most people who pick up this book, and know of Robertson offhand, are likely not getting their stock tips from "Chuck" Schwab. On the other hand, Strachman is able to find an audience who will pay $400 for his newsletter, so perhaps there are enough dolts with money to fill his target audience.
After reading it, I am obliged to concur with many reviewers here that this book resembled much a copy and paste of info on limited sources primarily printed material on Business Week and Robertson's private letters to his investors. You would never learn how the Tiger had thrived in the land of bulls and bears as promised on the book cover. Dont know whether the author had tried too hard to keep himself as neutral as possible or to avoid lawsuits in the magnitude of multi-millions as in Robertson vs Business Week, little personal insight was available. What's worse, little had been told on big events, say, the yen/Russian bond trade in 1998, that might be considered a turning point to the destiny of the Tiger.
In short, unless you are so desperate to read something about Julian Robertson and that this book is your only choice as far as you know, please give it a pass.
Most Recent Customer Reviews
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. Read morePublished 5 months ago by Jason Thomson
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.Published 24 months ago by Leonel L Chaves
Great book, one of the most if not the most successful hedge fund manager of all time. This is a great book for anyone interested in the industry.Published on December 27, 2013 by Chad Spencer
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.Published on June 7, 2013 by Dylan
This book could have been written by a 5th grader. It literally was chapters and chapters of regurgitation. There was nothing in depth or insightful. Read morePublished on November 6, 2008 by Carl Bardy Jr.
Robertson obviously is a legend an innovater in the hedge fund space, but the author rarely gives you any true original insight. Read morePublished on October 8, 2008 by William Meade
I had the pleasure of working for Tiger Management for a few years. It was thrilling. Whether or not the book reflects it, Mr. Robertson was an investment genius.
Mr. Read more
A number of reviewers here on Amazon called this book by Strachman a hagiography on Robertson, so my expectations for the book were not high. Read morePublished on May 22, 2007 by W