Warren Buffett calls Tim Cook a 'fantastic manager' of Apple

Warren Buffet has hailed Tim Cook as a 'fantastic manager' of Apple, declaring him 'one of the best managers in the world,' during the annual Berkshire Hathaway shareholders meeting.Streamed on Saturday, Warren Buffett answered questions from shareholders about Berkshire Hathaway and its investments. In one question asking why the investment firm sold some common stock in Apple despite being considered the company's 'fourth jewel,' Buffett moved to compliment Apple as a company, and Cook as its leader.'It's an extraordinary - Apple - it's got a fantastic manager,' starts Buffett in a video feed aired by Yahoo Finance. 'Tim Cook was underappreciated for a while. He's one of the best managers in the world. And I've seen a lot of managers. And he's got a product that people absolutely love. And there's an installed base of people, and they get satisfaction rates of 99%.' Read more...