Collection: Charlie Munger - #123 'Nothing Wrong With Letting Cash Build Up'
[Transcript]
ANDY SERWER 00:00
Where do you think, Charlie, the biggest opportunities are globally right now?
CHARLIE MUNGER 00:06
Well, I don't think we have a master plan of knowing where the opportunities are. We're trying to find intelligent things to do with a torrent of surplus cash. And we've always had a torrent of surplus cash. And we're always looking for intelligent things to do with it. And if we find things that are intelligent to do, we do it. And if we don't find anything, we'll let the cash build up. What the hell's wrong with that?
ANDY SERWER 00:37
Not much.
CHARLIE MUNGER 00:38
Yeah, not much is right.
(Source: https://finance.yahoo.com/news/influencers-transcript-charlie-munger-105001910.html)
[YAPSS Takeaway]
It's okay to sit in cash. But while you are sitting, keep looking for intelligent things to do.
