Bankruptcy b/c "there’s too much talent in the same game"

Julian Robertson: 'There’s too much talent in the same game'

Julia La Roche

October 4, 2016

“I think it suffers now because there’s too much talent in the same game. And shorting, which when I got into the business was almost a license to steal, is now a license for bankruptcy.”

He added that he doesn’t think this will always be the case.

Robertson joins a chorus of big-name hedge fund managers, including Steve Cohen of Point72 Asset Management, who’ve said there’s just too many players in the businsess. It’s estimated that there are more than 10,000 hedge funds. Some estimates have put the number at 15,000.

Right now, investment management and hedge funds seem to be an extremely popular occupation, which is concerning.

“I think it’s certainly not a good omen,” Robertson said.

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Jayhawk5 hours ago

If there is too much talent fishing in a small pond, then they must be stupid, unless they are doing something other than fishing.

50 years ago financial segment used to be about a third to half of what it is now, as a percentage of the country's economy. 

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• 哇，有一年没来了你还在，论调不变 -clipmom- ♀ (27 bytes) () 10/04/2016 postreply 20:23:20