

The Case for Cash
Albert Einstein once said that “The one who follows the crowd will usually get no further than the crowd. The one who walks alone is likely to find himself in places no one has ever been”. When it comes to investing, walking alone is often how you eventually leave everybody else behind, regardless of the pain of being wrong over the shorter term. Generally we prefer to sell the market when it never looked better, and of course buy it when it never looked worse. However, one m