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Never mind posted below - Fund Managers Holding Highest Cash......
Yes - Fear must be rampant among many fund managers to drive them into cash at 1% (+-). Really kills return. As I posted a week or so ago, the normally sane and intelligent managers at Oakmark have nearly all of OAKBX's fixed-income allocation (typically around 30-35%) sitting in cash and short-term stuff as of last report. Highly unusual for a fund that likes to hold some longer-dated government bonds to off-set its equity positions. - Oops. Apparently Mark's is a duplicate post. Apologies to whomever I've offended by responding to it. Maybe we need a computer here that would detect duplicates and prevent their being posted? (as one who has made the same mistake in the past).
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Oops. Apparently Mark's is a duplicate post. Apologies to whomever I've offended by responding to it.
Maybe we need a computer here that would detect duplicates and prevent their being posted? (as one who has made the same mistake in the past).