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It's been a tough slog for professionals and individual investors during 2007 and the start of 2008. Those who did well either
- took a big swing on commodities,
- owned and sold tech into the 4th quarter,
- prayed hard and were answered, or
- were so-called Tiger Cubs.
Bloomberg reports on the 2007 returns of the Tiger Cubs, named because they all trained/worked under famed hedge fund guru, Julian Robertson of Tiger Asset Management.
When fellow BloggingStocks blogger Aaron "Buy Everything" Katsman and I recently looked into Robertson's portfolio over the years, it appears that he takes a very concentrated approach to investing. He picks a limited number of names he believes in and holds steady. The bulk of his holdings return average market returns, a couple are down big, but a couple see incredible outsized gains. Its these few holdings that Robertson lets run that contribute significantly to his success as a manager.
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