As such, it's his job to invest based on fundamentals and deliver solid returns for his portfolio. Apple not being forward with investors about Jobs turned out

As such, it's his job to invest based on fundamentals and deliver solid returns for his portfolio. Apple not being forward with investors about Jobs turned out to not be a good reason to dump the stock. That's only true if you think fundamentals are only about short term return on investment. But if you think fundamentals include risk-adjusted returns, then his decision may be perfectly sound. Dishonest companies are risky investments; even if they have great returns, they may have awful returns after adjusting for the increased risks associated with an untrustworthy company.