There is a saying : 'Smart money chases out dumb money' Great investors are probably not going to invest unless the price is right. If they are sitting on larg

There is a saying : 'Smart money chases out dumb money' Great investors are probably not going to invest unless the price is right. If they are sitting on large piles of cash rather than investing in companies, these companies are losing the benefits of their leadership, influence, connections etc. That has to have some adverse effect on these companies