November 07, 2008

When Cash is King

Have you heard the expression cash is king? In Charlie Rose's timely interview (video below) with Warren Buffett, we hear Buffett discuss when cash is king. It's pretty simple, cash is king when everyone is scared to invest and the time to cash out is when people are greedy. If you find yourself low on cash, Mark Cuban's recent post how to get rich is a good read.

How are you going to win in this down market?