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Why have too much cash when you can feed the Casino (as LewisBraham put it elsewhere)?
Wells Fargo agrees with Citi Private Bank, their clients have too much cash? There's no reason for it?
These banks with whom clients have chosen to invest their money claim to know what's going on inside the brain of their clients. They couldn't possibly have any need to hold some cash. That is so stupid, yeah?
Most presidents have Narcistic traits. The Bushes/Clinton and Obama was same. do what they want and do not follow any rules; either that or they tried to bend /curve the rules as much as they can to be in their favors
Thanks. Ya, I forgot that brevity, these days, is more important than communication. Machines are in charge. And whose fault is THAT? You guessed it: PEOPLE.
Machines don't write hagd, people do. I refuse to put lol at the end of anything I write, but I'm definitly in the minority. Joe and Crash, have a good day!
I disagree vehimently with the thesis here. Perhaps it’s because I remember back a decade ago when the prevailing question on financial discussion boards wasn’t “Why do people hold so much cash?” but rather “Are money market funds safe enough to invest in?” I’m afraid current investment climate affects our perceptions of what’s safe / appropriate for different individuals and what is not.
Here’s an interesting line: “If a client has US$100 million, why would they need US$15 million or US$20 million in cash?” Bailin asks. “They should have it fully invested ....
I’d turn that question around and ask: “If an investor has $100 million, why would he/she expose that nice fortune to any market risk at all?”
@Crash You noted: " I forgot that brevity, these days, is more important than communication. Machines are in charge. And whose fault is THAT? You guessed it: PEOPLE."
---I'll take part of the blame way back, but not today. During the early-mid 90's several thousand employees (company x ) had access to and needed to use an acoustic coupled data device for small inventory files, corp. files, etc. We also had a feature for "texting". I recall the character limit was 80-100, including spaces. Those among my group established shortcut words/phrases as this was necessary due to the limits mentioned. If we were on the road, we relied on pay phones for our online connection via a toll free number. I knew the location of just about every pay phone in a 30 mile radius of work. Today, Twitter had a limit of I believe 140 characters. The same shortcuts for words and meanings were needed with this. Email via early vendors found the same shortcuts by the regular folks. These shortcuts remain for much text messaging today via cell. So, machines........well, yes; in the early days caused the shortcuts; and today the people continue. I'll leave this with my normal sign off. Regards, Catch
Comments
Wells Fargo agrees with Citi Private Bank, their clients have too much cash? There's no reason for it?
These banks with whom clients have chosen to invest their money claim to know what's going on inside the brain of their clients. They couldn't possibly have any need to hold some cash. That is so stupid, yeah?
WTF is this posted in "Fund Discussions"?
Here’s an interesting line: “If a client has US$100 million, why would they need US$15 million or US$20 million in cash?” Bailin asks. “They should have it fully invested ....
I’d turn that question around and ask: “If an investor has $100 million, why would he/she expose that nice fortune to any market risk at all?”
Greed? Boredom?
You noted: " I forgot that brevity, these days, is more important than communication. Machines are in charge. And whose fault is THAT? You guessed it: PEOPLE."
---I'll take part of the blame way back, but not today.
During the early-mid 90's several thousand employees (company x ) had access to and needed to use an acoustic coupled data device for small inventory files, corp. files, etc. We also had a feature for "texting". I recall the character limit was 80-100, including spaces. Those among my group established shortcut words/phrases as this was necessary due to the limits mentioned. If we were on the road, we relied on pay phones for our online connection via a toll free number. I knew the location of just about every pay phone in a 30 mile radius of work.
Today, Twitter had a limit of I believe 140 characters. The same shortcuts for words and meanings were needed with this. Email via early vendors found the same shortcuts by the regular folks. These shortcuts remain for much text messaging today via cell.
So, machines........well, yes; in the early days caused the shortcuts; and today the people continue.
I'll leave this with my normal sign off.
Regards,
Catch