Message:

<p>[QUOTE=&quot;medoraman, post: 1283064, member: 26302&quot;]This is Buffet&#039;s tactic. Not saying he is a genius, but his firm refuses to spend unless they believe they are getting a good deal. He has apologized to shareholders more than once about his large cash position at times, but refuses to budge from the tactic, and makes outsized returns by having large, ready, cash positions exactly when they are needed most.</p><p><br /></p><p>Personally its hard for me to ever do this, I about always want to &quot;make my money work&quot;, but know cognitively it can be the wrong approach. I always keep 10-20k laying around for emergencies, but after that like to invest.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in