Lynch is famous for running a long only fund and Berkshire likes to keep at least $20 Billion in cash.
Neither needs to care one whit what the economy is doing as they have no financial leverage and can afford to play the long game.
If you manage a business instead of investing for a living, then it becomes much more pertinent to you whether households are saving or spending, wouldn't you agree?
Blog: What do Lynch and Buffett have to say about the economy ?
2012-09-04 20:31 | Report Abuse
Lynch is famous for running a long only fund and Berkshire likes to keep at least $20 Billion in cash.
Neither needs to care one whit what the economy is doing as they have no financial leverage and can afford to play the long game.
If you manage a business instead of investing for a living, then it becomes much more pertinent to you whether households are saving or spending, wouldn't you agree?