Conversation

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.
7
35
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