> Someone might be in the cusp of retirement and looking to cash in. If you're on the cusp of retirement (e.g. 65) you probably have another couple of decades

> Someone might be in the cusp of retirement and looking to cash in. If you're on the cusp of retirement (e.g. 65) you probably have another couple of decades to live, so you want companies to keep running things 'properly' for the long(ish)-term. It's not like you retire and you convert your portfolio into a pile of cash: you still need some kind of returns if you want to not run out of money: * https://en.wikipedia.org/wiki/William_Bengen#The_Four_Percent_Drawdown_rule https://en.wikipedia.org/wiki/William_Bengen#The_Four_Percen...