Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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

Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!