Ajit Jain has significantly reduced his stake in Berkshire Hathaway by selling 200 Class A shares for about $139 million, reportedly taking profits at a high stock price.
Steve Check noted, "The only reason I can come up with for why he is selling is he thinks the stock is fully priced, and it is-it's probably as fully priced as it's been since before the financial crisis."
The surge in Berkshire's share price has been substantial, with stocks climbing nearly 23% year-to-date, which has led to the company's market cap exceeding $1 trillion for the first time.
Tax considerations might also play a role in Jain's decision to sell, especially if he believes capital gains taxes will rise in the near future.
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