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Having money on the sidelines is not "timing the market". Warren Buffet has $116 billion in cash on hand.
by timr 8y ago
Having money on the sidelines is not "timing the market".
Warren Buffet has $116 billion in cash on hand.
- Retric 8y agoHe is also running an insurance company that needs cash on hand. On top of that they don't issue dividends only occasional stock buybacks which means they are going to accumulate cash by default.
- timr 8y agoBuffet said he would prefer to have $20Bn cash on hand, but has no good place to invest it. The reason? Companies are too expensive. https://www.fool.com/investing/2018/03/04/warren-buffetts-116-billion-cash-problem-will-it-b.aspx https://www.fool.com/investing/2018/03/04/warren-buffetts-11... But sure, by your logic, he's "timing the market."