Robertson's Ponzi Pyramid

Tiger Cup was down 40% in the last couple of years. assets were shrinking pretty rapidly from $21 to $22 billion roughly to $6 billion just a couple of years, he says. Robertson had started his fund in 1980 when short telling was kind of out of fashion and it gave him that additional quiver which conventional funds don't have. So basically, he was able to turn it into a profit center because it wasn't that competitive. And now he said he was like being run over by a train that's going to derail a mile down the road.