In an interview with CNBC the Hedge Fund pioneer Julian Robertson says that Apple and Google are so cheap that they should be considered the value stocks of today. “Apple would be selling at double or triple its price now if this were the 60’s, the 70’s or the 80’s. It really would. The Nifty Fifty (the best growth companies of their time) all sold at 50x earnings or over. Even Avon Products did. I think these are the greatest value stocks around – the Apple’s, the Google’s, the Netflix’s. When I started in this business I was a real cheap skate and I would buy the cheap stocks. These are the real value stocks now.” In this video Robertson also discusses the risk of contagion in Europe and his one big bullish bet in China (VIEW LINK)
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