# Prof. Aswath Damodaran discusses why he sold his shares of Apple stock

1 Faculty News April 17, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/video/90785071/) -- "I didn't sell it because I thought it was overvalued or because I thought Apple has gone up too much. I sold for a very strange reason. ... I sold because I'm a little uncomfortable with the other people that are holding Apple shares right now. The new investors who have come into Apple scare me. They're momentum investors. They've shifted the game. The rules of the game have shifted and I'm not comfortable with this game."

[Watch the video](http://www.bloomberg.com/video/90785071/)

Additional coverage appeared on [Fox Business](http://www.foxbusiness.com/industries/2012/04/24/apple-earnings-critical-for-stock-momentum/), [Bloomberg Businessweek](http://www.businessweek.com/videos/2012-04-17/new-investors-spur-apple-stock-sale-damodaran-says), [Forbes](http://www.forbes.com/sites/haydnshaughnessy/2012/04/18/apples-shares-did-the-news-worm-start-to-turn/) and [Business Insider](http://www.businessinsider.com/finance-guru-damodaran-dumped-apple-2012-4).