i am 100% of cash position, page-37

  1. 14,160 Posts.
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    Iinvest
    I don't know Mr Daniels unfortunately and I don't think I encouraged anyone to sell

    I would have liked to have sold when we were around 5000 but not at 3500 or so
    A lot of private debt we had has been taken out of the system albeit passed on to the governments
    we could be in a worse situation or we could be in a better position
    I would say the latter
    I therefore believe if you hadn't sold at 5000 and the xao is at 3500 then it is too late.
    I defy anyone to say where we are going. we could go up and we could go down - nobody knows
    If you don't know something and you put money on it you are gambling
    if you sold out the bottom and have cash today you may well be regretting it and will regret it even more further down the track
    anyway, I want everyone to make money



 
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