Julian Robertson, the founder of Tiger Fund, is a man of the hour on Wall Street. He was born in a small town in the southern United States. After graduating from the Business School of the University of North Carolina, he worked in Kidder Peabody Securities for 20 years. 1May, 1980, established Tiger Fund, focusing on "global investment". After surviving the dormant period of 10 years, Tiger Fund began to make amazing achievements in the late 1980s and early 1990s. Julian accurately predicted that the German stock market would enter a bull market after the fall of the Berlin Wall, and at the same time shorted the Japanese stock market at the peak of the bubble (short selling means borrowing stocks first, then selling them, and then buying them back when the stock price falls to a certain level to earn the difference). 1992, he foresaw the disaster of the global bond market. During the period of 1993, Tiger Fund (together with Quantum Fund), a hedge fund under Tiger Fund Management Company, successfully attacked the pound and lira, and gained huge profits in this operation. Tiger Fund gained a great reputation and was sought after by many investors. Tiger Fund's capital expanded rapidly and eventually became the most outstanding hedge fund in the United States. Since the mid-1990s, the performance of Tiger Fund Management Company has steadily increased, and it has made great achievements in stock and foreign exchange investment. The highest profit of the company (excluding management fees) reached 32%, and the assets managed by Tiger Fund grew rapidly after 1990s, from 1980 to $8 million. It has rapidly developed to 199 1 year 1 billion dollars and196/7 billion dollars. 1in the summer of 998, its total assets reached the peak of $23 billion, and it once became the largest hedge fund in the United States.