From Nasdaq: 2024-09-16 04:20:00

Ajit Jain, Vice Chairman of Berkshire Hathaway, sold $139 million in stock last Monday, over half his stake in the company. Jain has been crucial to Berkshire’s success and may be considering retirement at 73 years old.

Berkshire’s recent valuation surge, coupled with potential tax policy changes, may have influenced Jain’s decision to sell. The company’s market cap surpassed $1 trillion, and capital gains and corporate taxes could increase in the future.

While Jain’s sale may be a sign of personal circumstances or tax considerations, it doesn’t necessarily mean investors should panic. Those confident in Berkshire’s long-term prospects shouldn’t rush to sell, but it might be wise to consider trimming their stake, as Jain did.



Read more at Nasdaq: Ajit Jain Sells Over Half His Berkshire Hathaway Stake: A Warning for Warren Buffett’s Empire?