Jim Chanos Says Apple Shares Have Risen Too Far, Too Fast

Jim Chanos, who oversees $6 billion as the founder and president at Kynikos Associates Ltd., said he’s skeptical on Apple Inc. after the shares surged 71 percent this year.

Chanos prefers owning Microsoft Corp. to hedge wagers on declines in companies such as Hewlett-Packard Co., he said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. The money manager, who rose to fame shorting Enron Corp., said he’s shorting natural gas stocks and wouldn’t own Treasuries.