Shock, horror: Harvard divests 0.03% of its equity portfolio; Apple must be going out of business?

It isn’t hard to see example of “Apple-bashing” in the press these days: just take a look at Bloomberg’s website where the top headline in its Personal Finance section, for the past three days running, is entitled “Harvard Liquidates Apple Stake After IPhone Sales Lose Steam”.

If you read past the headline, the second paragraph lays it all out in devastating detail: Harvard has sold a grand total of $304,000 in Apple shares (about 571 shares at a price of $573), which represents 0.03% of its equity portfolio (and about 0.1% of its total endowment).