One early Wednesday morning last July, when the subprime mortgage meltdown first began to rock the markets, I found myself sitting with investing legend Julian Robertson in the cabin of his Gulfstream V jet in Auckland, New Zealand. We were en route to one of the two world-class golf courses he has built in the island nation. But his mind was on the markets halfway around the world. As the flight crew prepared for takeoff and his wife Josie and their other guests found their seats, the 75-year-old billionaire used his mobile phone to check in with his office back in New York. "How are the subprime positions looking?" he asked excitedly. "Mm-hmm. Wonderful."
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Making some more big bucks.