“Parked cash is a silent tax… turn that money into working capital that's consistently building and compounding”
♫
Said on Entrepreneurs on Fire
CNBC's "Fast Money" · Amazon and Intel Report Results… And Alphabet’s Post-Earnings Plunge 10/30/26
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allocate client cash to treasuries to park new money
“Parked cash is a silent tax… turn that money into working capital that's consistently building and compounding”
“If you get a 25% conversion rate… if I want one new client… I just have to call… four clients. If I need 10 new clients… 40 potential clients.”
“I would never, ever do this for a new client… only for a longstanding good client. It’s a favor, not about money.”
“I think it's a completely reasonable position to take. It's essentially a Larry Swedrow position, right? He says, take your risk on the equity side, right? Keep your bonds very safe, very high quality, very short-term, you know, short-term treasuries, for instance. Well, the shortest-term bonds are cash, right? That's what cash is.”
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