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.
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That’s a lot of cash. How many different currencies I wonder....
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Well, his low has been 22% around 2008-11... as institutional investor, he has to maintain a bigger cash position than us retail investors since he can make bigger sudden moves like private equity or M&A deals seekingalpha.com/article/411223

