The number of shares sold by Buffett's company this quarter, compared with the increase and decrease in holdings in each quarter of the past seven years. Why did Buffett sell so many shares? Does he not understand the interest rate cut?

Buffett's recent sell-off may not necessarily indicate a lack of understanding of interest rate cuts but rather a strategic move to reposition his portfolio and adapt to shifting market conditions. As a seasoned investor, he likely anticipated that rate cuts could lead to increased inflation, negatively impacting stocks, and decided to take profits while he still could.