No. of Recommendations: 10
Jim: sitting on as much cash as not in a long time (or similar it was)
Don't read *too* much into it. Real short term interest rates are, for this brief moment, much better than usual. Berkshire is more fully valued than usual. And I am presumably suffering at least in part from the endowment effect. I have the pile of cash from having sold a property earlier in the year, and I just didn't see a great opportunity to deploy it yet, so it's still sitting there. If I had been fully invested I might have sat on my hands a bit more rather than yelling "sell sell sell". The endowment effect is a terrible logical flaw, but perhaps (?) it is better to suffer from it and at least be aware you're likely to be suffering from it.
Jim
