Sorry for being such a pessimist

A few readers have questioned my pessimism after posting Stay Prepared for an Aussie Recession. With a headline like that, I guess, it’s hard not to seem pessimistic. I’ve created the wrong impression, though.My view is that you (and we) should be mostly invested most of the time. See Buffett Warns Investors on the Perils of Cash, for example. And there has been more money lost than gained by people trying to pick the next recession.In the Australian Fund we have oscillated between 10% and 20% cash over the past few years. That level of cash is perfectly normal for opportunistic investors...

A few readers have questioned my pessimism after posting Stay Prepared for an Aussie Recession. With a headline like that, I guess, it’s hard not to seem pessimistic. I’ve created the wrong impression, though.

My view is that you (and we) should be mostly invested most of the time. See Buffett Warns Investors on the Perils of Cash, for example. And there has been more money lost than gained by people trying to pick the next recession.

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