“Take the cash and take as little as you possibly need so that you can maintain the control.”
ST
Scott Tannen
How I Built This with Guy Raz ·
The Psychology of Money with Morgan Housel · Mark Twain on Relative Wealth
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maintain a large cash reserve while taking risk with the stocks they own, avoiding super-risky options
“Take the cash and take as little as you possibly need so that you can maintain the control.”
“We're getting 150 basis points above the cash rate… taking no risk and having complete liquidity.”
“I measure that in the data through the co-movement between bonds and stocks… pre-2000 Treasury bonds were actually quite stock-like… post-2000 they were safe… now risk has gone up again.”
“Donating appreciated stock… you avoid paying capital gains tax… still get to deduct the full fair market value”
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