Global stock markets repeatedly hit new highs, and the super rich choose to take profits Odaily Planet Daily News: With the stock market hitting new highs repeatedly, the global super rich are choosing to take profits, cash out and leave the market; In recent weeks, they have cumulatively sold stocks worth over $1 billion. Last week, a descendant of the Viessmann family in Germany sold approximately $750 million worth of shares in Carrier Global, a Florida based air conditioning equipment manufacturer. At the same time, Danish tycoon Henrik Lind also sold shares in facility management company ISS A/S worth approximately $175 million. This month, Chris Ellison, the founder of Mineral Resources Ltd., cashed out AUD 122.5 million (approximately USD 87 million) by selling his approximately 10% stake in the Australian mining services company; This is the first time in nearly a decade that he has reduced his holdings in this investment. These transactions vividly demonstrate how wealthy private investors lock in investment returns by reducing large positions at a time when global stock market indices are hitting historic highs. Despite the turbulent geopolitical situation, global stock markets have continued to soar driven by the AI boom and corporate profit growth. Several investment banks, including Goldman Sachs, believe that there is still room for further upward movement in the stock market, although some investors are beginning to worry that the current valuation has become too high. (Golden Ten)