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“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.” quote by Julian Robertson
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“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.”

Julian Robertson

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.

Key Takeaway

Beware reckless short‑selling.

Themes

finance ethics risk

Mood

cautious analytical

Type

financial critical

When to use this quote

  • trading strategies
  • risk management
  • policy debate

Key Concepts

market dynamics behavioral finance regulation

Questions to Reflect On

  • How can regulations curb exploitation?
  • What safeguards protect investors?
A Different Perspective

Market incentives can encourage abuse.

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