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Personally I would hold the cash until there is blood in the streets. That is the time that fortunes are made. We arent quite there yet, possibly next year. In
by achenatx 6y ago
Personally I would hold the cash until there is blood in the streets. That is the time that fortunes are made. We arent quite there yet, possibly next year.
In 2000 investors were screaming at buffet because he was sitting on billions in cash. They were saying he had lost his touch, he should pay a dividend etc.
Then in 2001 the crash happened and he was able to get some great deals.
The time to buy is when everyone else is saying dont buy, things have fundamentally changed.
- jb775 6y ago> We arent quite there yet, possibly next year The fact that a lot of people think this gives me confidence that it isn't going to happen anytime soon. I'll get nervous when the rhetoric is "The market is looking great for years to come!", like back in 2005/2006.