Seems Warren Buffett is ~33% in cash. Is there an index of cash positions of bellwether investors?
Could you use such an index to estimate the *confidence* in the trajectory of the stock market?
Seems like a better measure than a trailing volatility measure.
Conversation
Replying to
Setting cash aside can be to invest in great deals or avoid risk. Two different intents, same action.
1
Replying to
Aren't they the same thing? Expecting great deals is the same as expecting a crash and therefore risk of such. Unless you mean expectation of great deals in M&A or private equity.
Replying to
mostly the latter. But can also be true for public stocks if you want to scout for the most mispriced assets & invest in short notice.
1
Replying to
munger discusses this quite a bit in his speeches and writing. Parking in cash waiting for great deals better than random investments.
1

