Subject: Re: The Excess Cash
Maybe he is hoarding all that cash as dry powder for whenever the market tanks.

It's possible, but usually he doesn't time markets or macro effects. It really could be as simple as "I can't find anything good to buy right now" or it could be "Getting ready to buy 75 or 100 billion of A shares from foundations".

That's what a lot of people are running scared of, a crash.

I don't see too many people running anywhere.

Also, as far as dry powder goes, isn't there many trillions in dry powder sitting in short-term securities out there right now? I see $6.44T in money market funds alone!

https://fred.stlouisfed.org/se...