Larry, I have been reading your free content and recently subscribed to your premium content. I am reading your December letter and you talk about reducing your positions to increase your cash level relative to your net worth.
I am curious if you could expand on that analysis of target ranges for cash relative to your net worth.
Just got your msg here - Substack doesn't seem to send me notifs.
I'd say 50% cash for an asset allocation is suitable if you want to play it safe. In this environment, I think going below 30% comes with too much risk. I'm personally at 50%.
Larry, I have been reading your free content and recently subscribed to your premium content. I am reading your December letter and you talk about reducing your positions to increase your cash level relative to your net worth.
I am curious if you could expand on that analysis of target ranges for cash relative to your net worth.
Just got your msg here - Substack doesn't seem to send me notifs.
I'd say 50% cash for an asset allocation is suitable if you want to play it safe. In this environment, I think going below 30% comes with too much risk. I'm personally at 50%.