For some time Buffet has been chastised for sitting on a large cash position. I have hung in there with him as an investor in BRK as he is a lot smarter than I am. It will be interesting to see if, when and what he buys.
IMHO the P/Es of the S&P and DJIA have been running quite high. They likely will dip below their historical 15ish average before they stop dropping.
We live in interesting times.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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