About Quote by Julian Robertson
“We had a field day before anyone knew anything about shorting. It was almost a license to steal. Nowadays, it's a license to get hosed.”
About This Quote
Source Interview: Financial Times, 1998
Early short‑selling was like a license to steal, now it feels like a license to be exploited.
In simple terms: Short‑selling once seemed free, now risky.
Beware reckless short‑selling.
Themes
Mood
Type
When to use this quote
- trading strategies
- risk management
- policy debate
Key Concepts
Questions to Reflect On
- How can regulations curb exploitation?
- What safeguards protect investors?
Market incentives can encourage abuse.