“everyone has shoulda’ coulda’ woulda’ stories “
I had never read about him before so I went to Wikipedia. Interesting. It was actually pretty sound reasoning for him selling his stake. He was older and more established and had more to lose. In a partnership you can end up having to pay the debts the others incur. He had more to lose and only had a short time invested in Apple.
Didn’t know it was a partnership —yeah, those are super risky. In fairness we got to admit that in ‘76 he could have bot blue chips like GM, Braniff, Enron, PG&E, Lehman Brothers, and Chrysler.
Yep, that’s typical a decision tree for investors and business people. It’s hard to Monday Morning QB decisions that were totally sound given all the available data, then the market changes. That’s the history of markets, all of them not just stocks and bonds. How many guys sold out just in time?
Once I make a decision I will tweak it as time goes on, but I don’t second guess it or look at somebody else’s portfolio, life or spouse. I’ve had to drink plenty of lemonade, but I’m happy with the things that really matter. If money’s your scorecard, you’ll never have enough and it really doesn’t buy happiness.