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Sean HymanSean Hyman
Keymaster
Post count: 7044

kenatch: Dollar devaluations happen over very long periods of time. Seizing outsized profits have already made up for any dollar depreciation for you. But also, the opportunities you have in the future to seize unusual prices will also easily overcome dollar devaluation.

Warren Buffet has over $145 billion in cash on his books right now and he’s not worried a bit about dollar depreciation. Why? For the same reasons above.

He knows that cash = opportunity

I learned it from him.