Yesterday gave us the chance to listen in on two of the greatest investors of all time: Julian Robertson and Michael Steinhardt.
In a Fortune Magazine profile of Robertson, Robertson said that his biggest trade right now is in “curve steepeners” which essentially go long the 2-year treasury and short the 10-year treasury. Fascinating.
And on Fast Money, the great Michael Steinhardt weighed in on the decline in stature of the Fed, “you have to look at things more long term not just two weeks out” and on the current state of the market: is it just a normal cyclical decline or something worse this time?
These are guys who have been doing it for a long time and put together track records over decades that earn them a place among the greatest investors of all time. Listen to what they have to say.