*Official* MasterLeong Thread

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dolph001

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MasterLeong said:
can u imagine warren buffett selling coca cola, selling IMB and other great companies to move into 30-50% cash?

I think all his shareholders will run away lol
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http://www.marketwatch.com/story/ca...ecord-with-stock-market-near-highs-2016-11-05

"The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time. And you don’t want to pay too much for them so you have to have some discipline about what you pay. But the thing to do is find a good business and stick with it. We always keep enough cash around so I feel very comfortable and don’t worry about sleeping at night. But it’s not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially."

~ Warren Buffett
 
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supertanweekiat

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Dividends Warrior said:
If they can list their cyber-security unit on Nasdaq. The dream!
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Nice.. But they still have a long way to go and they are growing positively.
Earlier this year, I went to San frans for cyber security conference and studies with them. Singtel went with their directors n MD to shop for good companies. Singtel already think way ahead of M1 n Star hub
 
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Takodoro

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dolph001 said:
http://www.marketwatch.com/story/ca...ecord-with-stock-market-near-highs-2016-11-05

"The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time. And you don’t want to pay too much for them so you have to have some discipline about what you pay. But the thing to do is find a good business and stick with it. We always keep enough cash around so I feel very comfortable and don’t worry about sleeping at night. But it’s not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially."

~ Warren Buffett
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Jiang fei hua :s13::s13::s13:
 
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shareholder

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dolph001 said:
http://www.marketwatch.com/story/ca...ecord-with-stock-market-near-highs-2016-11-05

"The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time. And you don’t want to pay too much for them so you have to have some discipline about what you pay. But the thing to do is find a good business and stick with it. We always keep enough cash around so I feel very comfortable and don’t worry about sleeping at night. But it’s not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially."

~ Warren Buffett
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Warren keeping 80+ billions of cash, that's the amount considered enough for him. What is the right amount for average people?
 
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dolph001

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shareholder said:
Warren keeping 80+ billions of cash, that's the amount considered enough for him. What is the right amount for average people?
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Based on total equity of 270k, Berkshire Hathaway is holding 31% cash.
I was refuting ML's claim that Warren Buffett don't hold much cash.

Warren Buffett don't like to hold cash due to inflation.
Warren Buffett hold cash to grab multibagger, wonderful companies when the price is right.
 
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