Now We Know Why Julian Robertson Sold Apple Earlier This Year

Julian Robertson, Apple: Here’s something you don’t see everyday. Hedge fund legend and billionaire Julian Robertson shared his thoughts on Apple Inc. (NASDAQ:AAPL) this afternoon on CNBC. Although the interview was short, it sure packed plenty of wallop, as the father of the Tiger cubs wasted no time broadcasting his disdain for Apple and more specifically, Steve Jobs.

TIGER MANAGEMENT

When asked why he doesn’t hold Apple stock anymore (Robertson sold his entire Apple stake in the first quarter of this year), here’s what he had to say:

“I read the book [...] I came to the conclusion that it was unlikely that a man as really awful as I think that Steve Jobs was could possibly create a good company for the long-term. I just don’t believe that bad guys do well over the long-run.”

Robertson adds that he’s content with his decision to sell Apple shares in January, and he wasn’t done talking about Jobs. Here’s another very telling quote:

“How can you create a great organization of people and be that mean of a person? He basically cheated his partner–Wozniak–he refused to accept the parenthood of his child. I mean, he was really a terrible guy [...] he’s one of the great geniuses of the world, but [...] bad culture, bad principles.”

The full video is below:

Disclosure: none

Recommended Reading:

Curtis Schenker and Craig Effron’s Hedge Fund is Bullish on Globecomm

Kevin Kotler & Broadfin Capital Take a 5.2% Stake in Biodel

Hedge Fund Bond Strategies: The Trend in 2013 May Surprise You

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!