What cash can and can’t do
slowboring.com
What cash can and can’t do
Having too much cash is a drag on returns. In the long run, the cash will lose its purchasing power to inflation. Having too little can result in missed career, investing, or lifestyle opportunities. It’s a balance.
Cash is, simultaneously, an angel of safety in the short term but a devil that drags down your returns in the long term.
Any kind of cash is more about the present than the future.