Chapter 15

Julian Robertson

Encores

JULIAN ROBERTSON, seventy-five, settles into a low, off-white upholstered chair in his office on the top floor of a forty-eight-story building on Park Avenue. From his vantage point, he can look south, all the way down the Hudson River to the mouth of New York Harbor and the Verrazano Bridge. A Picasso painting hangs in the conference room next door. Robertson is not in the mood to discuss his career as a legendary stock picker, and pressed on how he went about teaching his analysts the art of investing, he answers reluctantly. “I didn't teach them anything about how to be good investors,” he says, his North Carolinian drawl still strong even after decades of living in New York. “They were extremely capable, ...

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