Re: October [censored] thread
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oh, def. not what I asked, just my random thoughts after having to do some investment portfolio management reading and trying to find mistakes in the text
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to be fair, one reason to hold some cash is that it is negatively correlated with equities and bonds.
cash returns more when short term interest rates go up. an increase in S-T rates hurts both equities and bonds.
furhter, this return is absolutely not volatile at all relative to bonds and stocks.
Barron
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