With so much uncertainty in the markets, there are plenty of good companies trading at attractive valuations, legendary hedge fund manager Julian Robertson, told CNBC's "Closing Bell" on Tuesday.
"I think our economy and some of the things overseas are having a big effect on investors," Robertson said. "I think right now a lot of very good investors have become so frightened about what's going on in Europe and Asia and with QE1, QE2 and QE3, they've kind of lost their way and are not realizing that there are an awful lot of marvelous companies available at very reasonable prices."
Robertson points to Apple, which trades at 14 to 15 times next year's earnings, as a prime example. "Apple is a great value at these levels," the founder of Tiger Management said.
(Read More: 5 Hedge Fund Favorites to Buy This Fall.)