If Fred Wilson dumped the stock because he claimed it was going to crash, this will be pertinent. As the linked article states (where he even uses the phrase "As good as the company is"), it was just his personal position that he prefers investing in companies that don't try to deceive its investors.

You can't knock Wilson for taking a principled position. Sure Apple has done well, but the reason he sold wasn't because he thought Apple would do poorly.

Previously: http://news.ycombinator.com/item?id=2423534

Fred Wilson's otherwise incredible batting average can allow for some pretty big misses.

Captain obvious says, "Sometimes people get it wrong, even smart ones."

He didn't sell because he thought he would lose money. He sold because he felt AAPL was dishonest with shareholders.