Exiting positions at high points is the old-money play; no matter how appealing AI narratives are, they can't override the instinct to lock in profits.

CoinWorld says that global stock markets continue to reach new highs, with super-rich individuals selling more than $1 billion worth of stocks in recent weeks to lock in gains. This includes descendants of the Fiseman family selling $750 million worth of Carrier Global shares, Linde selling $175 million worth of ISS shares, and Ellison reducing his holding in mineral resources shares by AUD 122.5 million. This shows that selling off at high levels has become the norm. Despite geopolitical turmoil, the AI boom, and profit growth lifting the stock market, several investment banks still see room for upside, but are wary of overvaluation.