Julian Robertson is making lots of money – and, he says, "it’s wonderfully fun". This is a sentiment one doesn’t hear very often from hedge-fund managers, who tend to have high-stress lives and demanding investors. The solution to that problem? Give your investors all their money back, and invest only your own personal billions.
Robertson is not really a Davos billionaire: his money goes to high-prestige, high-luxury projects like cultural institutions and golf courses, rather than malaria prevention or other development issues. But you can’t deny that he seems to be enjoying himself.