Subject: Re: Byd, has traded well this month,
I wonder why Buffett is lightening up on this holding, given its primo positioning in a rapid growth industry? Geopolitical risk? Worried the CCP is going to take too much of the profit for the state?

Valuation? The fact that the equity stake became very large and resides inside their energy subsidiary? Or maybe it wasn't a Buffett decision to buy and isn't now a Buffett decision to sell.