How a Steve Jobs Biography Led a Top Billionaire to Sell All Apple Shares

Julian Robertson, one of the world's wealthiest and most influential American entrepreneurs and legendary hedge fund managers, made an unexpected move by selling all his Apple stock. What triggered such a reaction from Robertson? It was his reading of Steve Jobs' biography.

Yes, the very biography authored by Walter Isaacson. After reading it, Robertson concluded that Jobs was a "truly difficult" personality.

"I came to believe that someone as challenging as Steve Jobs was unlikely to build a great company with long-term success. I simply don't believe that difficult individuals can reform in the future. How can you create an exceptional organization if you are such an unpleasant person?" Robertson reflected.

It is well-known that Jobs was a demanding leader, a fact recognized for many years. However, it is notable that this perception influenced Robertson's investment choice, despite his acknowledgment that Jobs was "one of the great geniuses of our time."

It might have been even more surprising if Jobs were still alive and Robertson continued as an investor.

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