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Warren Buffett Is Proof That Cash Is Your Savior

Your cash position gives you the option to play offense or ride out the storm

Photo: CNBC/Getty Images

Cash. Financial reserves. Liquidity.

It’s the one thing that is essential to every business and its long-term survival. Having excess liquidity is especially important during times of panic, when the normal flow of cash is being…

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Nick Maggiulli

Nick Maggiulli

Financial Blogger at OfDollarsAndData.com. Full Disclosure: Not investment advice. See OfDollarsAndData.com/Terms for full disclaimer.