Buffett has been known for a long time to keep cash handy as his 'elephant gun'. He patiently waits, watching and analyzing, looking for an excellent company t

Buffett has been known for a long time to keep cash handy as his 'elephant gun'. He patiently waits, watching and analyzing, looking for an excellent company to buy for a fair price (or better). When such a bargain emerges, Buffett deploys the 'elephant gun' and makes a massive buy. This has nothing to do with timing the market. Buffett will buy no matter what the broader market is doing-- it's all that excellent company at a good price that matters. Above all, remember: It's not timing the market, it's time in the market.