By now it’s no secret that nearly every hedge fund manager alive owns APPL.
Whitney Tilson (the co-founder of T2 Partners) however missed the boad and said during a presentation this week:
“I’m going to admire the company (APPL) from afar…but it’s hard to see how it’s a great investment from here.”
..and regarding MSFT:
“I just finished the Steve Jobs’ book. It’s a fabulous book…Seeing how that guy… he’s a maniac, he’s a bastard, he’s an asshole, but he’s a genius and people loved him! And he only had A players at his company and just pushed so hard to create brilliant products…. Seeing how he produced great products and pushed innovation and had no tolerance for D players and so forth and then comparing that to everything I have observed and seen about Microsoft and Jobs near the end of the book commented to Isaacson that ‘great products companies tend to decline when they cease being run by products guys and instead sales guys take over’ right? and that’s what Steve Ballmer is. He’s a sales guy. I think he’s created a sort of culture of arrogance and insularity.”
T2′s top 10 positions (as a percentage of total reported longs shown below):
Read his full presentation here: