At the annual shareholders' meeting of the multinational conglomerate Berkshire Hathaway, businessman and investor Warren Buffett praised Tim Cook as a "fantastic manager" for Apple, reports AppleInsider.

"Tim Cook was underappreciated for a while," said Buffett. "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. There's an installed base of people, and they get satisfaction rates of 99%."

Apple watchers sometimes draw unfavourable comparisons between Cook and Steve Jobs, the late founder and CEO of the Cupertino company, who is frequently described as a genius and visionary. But Buffett argues that the two men were and are simply good at different things.

"[Cook] handled that business so well," he said. "He couldn't do what Steve Jobs obviously could do in terms of creation. But Steve Jobs couldn't really, I don't think, do what Tim Cook has done in many respects."

The tributes were offered in response to a question regarding why Berkshire Hathaway chose to sell a certain number of Apple shares in 2020. According to Buffet, they later chose to buy back the shares and said that the sale "was probably a mistake".

Berskhire Hathaway currently owns approximately 5.3% of shares in Apple.

Here's how to buy Apple shares.

This article originally appeared on Macworld Sweden. Translation by David Price.