“Cash is a bad investment. You should keep enough so others don’t determine your future, The rest you should find good companies and invest in them…”
World’s best known or perhaps “best” investor. If you guessed Warren Buffett you would be right. Also another interesting thing was that he was very impressed by his professor at Columbia Univ, Ben Graham. He was so impressed, he named one of his children after him.
I am really impressed by that quote. Besides being in the Technology field, I invest and advise in Commercial Real Estate Investments, so it hits home. I say that to clients so many times, a lot of people like sitting on cash and think “Cash is King”.
I do believe cash is like a King if it just sits and doesn’t do anything. After all, kings don’t work, others do.
So, a word to the wise, don’t make cash the King, make it a hard working employee.
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