Julian Robertson: Invest in China Cautiously

Julian Robertson, founder of Tiger Global Management, sees great potential in China but on the other hand warns investors should proceed with carefulness.

Video and quotes below:

“There are many businesses there outperforming but also just as many, if not more, complete frauds.”

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Coho Capital LogoCoho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More

“The cost of borrowing in China is tremendously expensive and the possibilities of a short squeeze are enormous.”

“If you look at the identified frauds five or more years out, your thesis will probably have proven itself right. But in the near horizon, the stocks could still go up 200 to 300 percent.”

“History shows us that when governments initially print excesses of money, it works well like in the example of the Weimar Republic, until stagflation kicks in, that is.”

“Then the worst occurs and we morph into a totalitarian society. I hope we don’t continue to just sit back and accept this and continue to print, print, print.”

“breathing hard and scared right now.”

“I’m sticking to my old system of buying the best companies and shorting the worst companies.”