Julian Robertson Explains Why He Has Become 'Extremely Positive' On Apple
Hedge fund legend and Tiger Management founder, Julian Robertson, is extremely bullish on his third largest equity holding. Robertson's most recent 13F filing shows that he owns 324,500 shares in Apple Inc. (NASDAQ: AAPL) as of March 31, 2015.
He was recently on CNBC to discuss his outlook for the company and what makes Tim Cook a great CEO.
"I am very positive on Apple," Robertson began. "And I will tell you why I have become extremely positive."
He explained, "It I think now has the right leader for this time. And I think, he is, Tim Cook is, a very good leader and the perfect person to lead them along. I think, possibly at this point and this time, he would be better for Apple than Steve Jobs."
Leader Rather Than Innovator
Robertson was asked why he thinks Tim Cook is better for Apple than Steve Jobs could have been. He replied, "Because, I think he is a more of a humanist, and I think that's what a company of that size needs is a leader rather than an innovator."
Robertson revealed, "I actually have an Apple Watch, just forgot to put it on this morning. I am very technologically inept and I am hoping that my grandchildren will teach me how to use the Watch."
On why he is bullish on Apple if he doesn't consider the Apple Watch as a key product for them, Robertson stated simply, "I think it can be a pretty good product too."
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