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cash

The wrong perception of fully invested

on Tue, 09/27/2016 - 14:30

I remember way before I became a financial advisor, I have heard how much cash Larry Sarbit (a famous fund manager, he was at AIC at the time) would hold a large amount of cash while unit holders would be yelling and screaming “why are we paying you to hold cash?!”

Over all these years, Sarbit had never changed a bit on his money managing style (http://www.theglobeandmail.com/globe-investor/personal-finance/larry-sar... and http://www.fool.ca/2013/10/31/larry-sarbit-on-holding-cash-and-what-he-t...). 

We had been always hear people talking about fully invested (an article from Forbes -