This chart is biased against Buffett & Munger.
They have managed to keep up with the market index since 2010 (for a whole decade) all while they have amassed a huge cash position which is now approaching 130 billion USD.
That is an incredible achievement, considering their AUM!
They have managed to keep up with the market index since 2010 (for a whole decade) all while they have amassed a huge cash position which is now approaching 130 billion USD.
That is an incredible achievement, considering their AUM!
When the next recession comes, Christmas will come early for those two legendary investors — who will be buying bargains while the majority of other investors enter the bear market fully invested, as they always do.
Buffett told us all the secret on how to become rich.
“I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful.”
It is just that hardly anyone actually follows the wisdom. They are all too smart. 😂
“I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful.”
It is just that hardly anyone actually follows the wisdom. They are all too smart. 😂
Also, Sam Zell in Sept 2019 disclosed record-high cash position:
"We certainly never had a cash position like we have now. I think we’re very reticent about the opportunity. We think there’s gonna be some significant opportunities, but what we don’t see is the urgency."
"We certainly never had a cash position like we have now. I think we’re very reticent about the opportunity. We think there’s gonna be some significant opportunities, but what we don’t see is the urgency."
