posted by mark
on Tue, 02/20/2018 - 11:19
Another week that equity fund investment really increases while money markets are net withdrawals. Usually, the "dumb" money comes in near the end. Good time to gradually prune those underperformers and build more cash.
Buffett always has cash for the rainy days. Right now he is at almost 100B. Yeah, he made an acquisition last week, but it was "only for less than 2B" and he locked in a 9.5% rate of return. This is classic Buffett. He did it at Solomon and a few others. He always invests for the long-term
