Quote of the Day: Cash is King

While we’re presently actively exploring safe ways to generate better yields on the historically (for us) high level of cash we’re sitting on, I want to reiterate here the point I’ve been making of late to some of our largest investors: Yes, we’re sitting on an atypically for us large chunk of cash, but, like everything else we do — while, sure, it’s defensive too — it’s strategic. 

Listening to an interview this morning with macro expert Rauol Pal (he’s on my list — it’s a very short list — of truly independent/credible macro actors), I’m inspired to quote something I just heard him say, as it jibes with our current positioning:

“He who has cash in a recession is king. Because you’re the guy who can buy something when everybody has to sell it. You said “well if I really have to sell my gold in a crisis then I’ve got it for that.” Great, then I want to be the guy who buys it off you.”

Share:
Share on linkedin
Share on facebook
Share on twitter
Share on email
Share on pinterest

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.