No. of Recommendations: 5
It is rather dizzying how large of a slice of the Berkshire pie cash has become. I'm not in a dissimilar boat. There aren't many compelling securities, and I've been ok with being in a larger cash position in the past, and managed to do some opportune buys in 2009 and 2020 by being patient.
I've been trying to explain to some younger people that there can be something desirable, like a steak. But if the grocer wants to charge you $100 for a steak, and tomorrow it is $80, it isn't suddenly a bargain, and it could halve again and not yet be a compelling buy. I used that one in the context of the price of silver, as there was some chatter from the young about that in another forum.
