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Julian Robertson Interview on Bloomberg – He's Short Quite a Bit

“America is a like a family who over-spent for years.. has to de-lever itself.. take a long, long time for that to be completed..  I look for a long tough period for the American people”

“I am not positioned long… I am short personally quite a bit”

“So far I don’t think we had the blow to the economy that will eventually obviously come from the wealth devastation that’s occured the last several months”

“General de-leveraging will be a strain on the economy for a long time”

On Google: “(Market) throwing the high multiple stocks out with the bath water.  I look to take further advantage of that.”

On Baidu: “Baidu is a fantastic company that has great potential in China.  Their market cap is a tiny fraction of Googles.  Their potential is probably equal or greater.  A case of a stock that will have terrfic growth and will be recognized in the years ahead”

He’s also long Visa and Mastercard. [Hat-tip to Todd Sullivan]


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