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]