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Except that's precisely the opposite of a rational market participant position. Hoarding cash is almost always a losing position, even now. As long as we don't
by hueving 10y ago
Except that's precisely the opposite of a rational market participant position. Hoarding cash is almost always a losing position, even now. As long as we don't have deflation, any cash is losing value.
- Spooky23 10y agoCash was the wrong choice of words. Usually really rich people have more known downside risk from taxes. Lots of municipal bonds, treasury stuff and cash. If the money is tied up in company stock they often live off lines of credit. Remember that top X% of wealth isn't the same as income.