With 2 significant wars raging , the S&P 500 is showing significant resilience falling only 4% . Pre February 28th , the Cape Schiller multiple was 39.7x , the same as the high of 1999 before the dot com bubble burst , is it worth taking some profit as in the past 100 years pre crash valuations havent been higher than they are now ?
Is increasing cash in portfolios sensible right now?
Possibly the best investor of our generation has been building cash for the past 4 years At 95 , Warren