Wednesday, October 24, 2012
Julian Robertson on CNBC
Julian Robertson was on CNBC yesterday discussing his view on the economy as well as some specfic stocks. He thinks right now is a stock picker's market. He highlights Apple (NASDAQ:AAPL), Ryanair Holdings plc (NASDAQ:RYAAY), Rolls-Royce (LSE:RR), CapitalOne (NYSE:COF), and Ocwen Financial (NYSE:OCN). He thinks the steel companie are way overvalued: AK Steel (NYSE:AKS), US Steel (NYSE:X), and Japanese steels are priced for a real take-off economy which he doesn't expect. He then goes on to talk about his support for Mitt Romney for President. He briefly mentioned Facebook but said he didn't know enough to have a real position. He talks about his exposure to Chase Coleman's Tiger Global that was able to invest in Facebook years ago as a private company. Enjoy.