I don't see any particular sweet spot. But I do see sweet stocks that I really love and like and think are going to do well. And one is a company that probably makes that beautiful toenail polish you've got on. A company called Ulta. And it has just beautiful beauty salons all over the country.

Julian Robertson

Categorized in : You Love Beauty Beautiful

Our mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them. If the 200 best don't do better than the 200 worst, you should probably be in another business.

Julian Robertson

worst should world

It seems to me that the least deserving recipients of wealth are inheritors. Further, there are many indications that inheritors often have trouble adjusting to their unearned inheritance. An inheritance tax would de facto help remedy this.

Julian Robertson

adjusting inheritance helping

I suppose if I were younger, I would be investing in Africa.

Julian Robertson

investing ifs would-be

It, I think, now has the right leader for this time.

Julian Robertson

technology

Anybody that doesn't like Netflix, that's like saying you hate Santa Claus.

Julian Robertson

saying you santa hate

Accounting was the course that helped me more than anything.

Julian Robertson

anything more me accounting

I think the cruise industry has come of age. And older people my age are attracted to the cruise ship industry. And they are booming right now, and all over the world they are booming. And I think they're for the golden oldies, and there are more and more of them around.

Julian Robertson

think age people world

I think, definitely, this country needs a lower corporate tax rate and tax reform so that we can get our profits that we've made overseas back into the country without heavy penalties. And if that happens, I think that would be very good for the market and all of that.

Julian Robertson

back good think country

In baseball, you can hit 40 home runs on a single-A-league team and never get paid a thing. But in a hedge fund, you get paid on your batting average. So you go to the worst league you can find, where there's the least competition.

Julian Robertson

you competition team home

My message is get into what you love and really want to do and can do. And there are these tests you can take for that. All the colleges have them.

Julian Robertson

you what-you-love want love

The man I respect the most in the business - and he's in the hedge fund business - is probably Stan Druckenmiller. He's just so smart and so good and so up on everything. I think he's fantastic investor.

Julian Robertson

good man respect business

When I got out of the Navy... all those hotshots, the guys that were really smart and attractive and all that, guess where they were going? They were going into advertising. That was the hot thing then.

Julian Robertson

navy advertising smart hot

I came to the conclusion that it was unlikely that a man as really awful as I think that Steve Jobs was could possibly create a great company for the long term. I just don't believe bad guys do well in the long run.

Julian Robertson

great man long believe

I don't tweet. I don't know how to tweet.

Julian Robertson

how know tweet

Digital Globe is, I think, a really great company. And it's had its virtual monopoly in the area where it is.

Julian Robertson

great think company digital

I know Eric Schmidt, and he has different political views from mine. But I think he's a terrific guy.

Julian Robertson

political-views think know political

I think social media is very long-lasting. I just don't know the particular thing with Twitter.

Julian Robertson

think know social-media media

Hedge funds are other hedge funds' toughest competition. And there are just more of them, and it's tougher and tougher all along.

Julian Robertson

them more just competition

I'm not sure whether Jeff Bezos is the greatest thing in the world coming along or if he may be the emperor with no clothes.

Julian Robertson

coming greatest clothes world

It's definitely much harder to run a hedge fund today than it used to be, in my opinion. That's because there are more hedge funds to compete with.

Julian Robertson

more run opinion today