Warren Buffett’s investment philosophy has always emphasized time in the market over timing the market, but that doesn’t mean he never sells stocks. The recent sale of a portion of his Apple holdings isn’t about predicting a market crash—it’s about maintaining a balanced and diversified portfolio.

Another reason could be due to age-related risk management.

For instance, let’s say I invested $100 and earned a 10X return. If I feel that the stock has recently surged and it might be overextended, I might choose to diversify by reallocating some of that profit into another stock that shows more potential for future growth.