JULIAN ROBERTSON: I support immigration reform. I— but I would like for our criteria on immigration to be higher. I would like for us to have the criteria of Harvard, Yale, Princeton, Stanford not some fly by night college that is desperate for money. And in America now, we are opening the floodgates, without getting great people into it.
The ocean, in years gone by, has been a great barrier and has ensured we get great people in. I don’t think our immigration laws are correct. I think it’s much more difficult. I give some scholarships to Duke University. And one of our people was doing very well in private equity up here. He lost his visa and had to return to New Zealand. It’s— meanwhile—
KELLY EVANS: But isn’t the message of America, to some extent is on the Statue of Liberty, “Give us your tired, your poor, your huddled masses yearning to breathe free”? Isn’t that a pillar of what has made this country so special and unique in the world?
JULIAN ROBERTSON: As I say, that was right when the Statue of Liberty was made, that, give us your tired, your weak and— because they really couldn’t get here because of the great oceans. And that was the safeguard of our immigration.
Now, people just hop on a plane and they’re here. And I think our standards should be high. I would rather have an upstanding— well— college graduate— and a striving college graduate from Kenya, than a refugee from Bangladesh who has had no schooling and has had no interest in school.