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So many people saying to me over the last few years why I hold TWENTY FIVE PERCENT of my portfolio in cash!


Why, it doesn’t yield anything after inflation.


Welcome to March 2020, where even AAA rated long duration government debt is going down as people sell whatever’s liquid to meet redemptions and margin calls.


Unless you’re short or long vol, cash is the only thing not going down today.


Everyone’s freaking out, I’m looking for rebals. Another great day for it.


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