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Julian Robertson: Trump Not Getting Enough Credit for Economy

Image: Julian Robertson: Trump Not Getting Enough Credit for Economy
Multi-billionaire investor Julian Robertson (Richard Drew/AP)

By    |   Thursday, 14 June 2018 06:30 PM

Multi-billionaire investor Julian Robertson, who in the 1990s ran one of the largest, most successful hedge funds in the world, says President Donald Trump does not get enough credit for his stewardship of the country – or economy.

In an interview on CNBC's "Closing Bell" that aired Thursday, Robertson was optimistic on both fronts.

"I think the president has done a reasonably good job" guiding the economy, he said. "I don't think he's gotten as much credit as he should for the job he's doing."

"As a chief executive, I think he's done an excellent job," Robertson added, CNBC reported.

In Robertson's view, Trump's tax cut plan will ultimately benefit the economy and consumer.

"I think it's not only helped corporate earnings, it's helped earnings of the middle class tremendously, and I think they are very appreciative of this tax cut," he told the business news outlet. "Eventually [we're] going to have to have some restrictions, but for a while things should flow along beautifully."

Yet, the Tiger Management founder has character issues with the president.

"I think this president needs a better demeanor," he told CNBC. "I think he needs more humility. I think he should be more of a moral standard bearer for the nation."

Robertson is known for his legacy of "Tiger Cubs," or funds that former employees started that went on to success, CNBC reported.

Forbes pegs Robertson's net worth at $4.1 billion.

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Multi-billionaire investor Julian Robertson, who in the 1990s ran one of the largest, most successful hedge funds in the world, says President Donald Trump does not get enough credit for his stewardship of the country – or economy.
economic growth, trump effect, stock market, julian robertson
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2018-30-14
Thursday, 14 June 2018 06:30 PM
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