The clip “The smartest people on earth are selling stocks that they told the world they would never sell,” from CK Cheong, was updated on October 19, 2023 and runs for 58 seconds. The speaker says parts of the U.S. stock market had not fallen that year, mentions stock sales associated with Apple, Tesla, and Amazon, and asks whether investors should keep holding.
The available Thai text is not a transcript of the original audio and has not been checked against the clip. Treat it only as the speaker’s claims in 2023, not as current market information.
The speaker’s argument in the clip
The speaker says some markets and technology stocks had risen substantially during the period and gives examples of executives or founders selling shares. He then asks rhetorically why ordinary investors should continue holding. The conclusion that “the market is near a peak” or that investors should not buy is the speaker’s view in that clip, not evidence that the market will fall. The clip does not establish why each executive sold.
Check the Apple example against SEC filings
Tim Cook’s Form 4 filed with the SEC on October 3, 2023 lists three Apple stock sales on October 3 totaling 240,569 shares and says they were made under a Rule 10b5-1 plan adopted on November 28, 2022. The same filing separately lists 270,431 shares withheld for taxes and the vesting of restricted stock units. Those are separate entries, so not every line in an ownership report should be counted as the same kind of open-market sale.
This example confirms only the transactions shown in that Form 4. It does not establish that they are the same event cited by the clip or explain the seller’s market outlook. The Tesla and Amazon examples mentioned in the saved text still need their specific SEC filings before dates or share counts can be stated.
Why one stock sale does not forecast the market
The SEC’s guide to Forms 3, 4, and 5 explains that Form 4 reports transaction details for insiders, such as amount, price, and transaction code. It also notes that executives may sell for different reasons, including liquidity or diversification. Seeing one person sell is not enough to establish the person’s motivation or signal that every investor should sell.
This is a short conversation from 2023, not investment advice. It does not explain every seller’s portfolio, trading plan, or reasons. Check primary filings and consider your own goals and risks before making an investment decision.