RE: Struggling to understand8 May 2025 15:14
I’m a bit bemused by that large sale myself. But possible reasons could include the relatively low price of fossil fuels right now, and the possibility that those prices may stay low for a bit if there is a global recession from tariff realignment. Also geopolitically quite unsettled right now, with India and Pakistan at each others throats (again), iran on brink of obtaining nukes, Putin threatening to use tactical nukes in Ukraine, Middle East conflict on- going - perhaps a desire to ve in cash. Like Buffett.
But honestly, who knows.