investment strategy, page-11

Bloodsweattears,
If you go back over my posts of several weeks, I have mentioned the need to have cash reserves & be prepared for a down turn. Too often we keep rolling it into fresh situations until we get caught in the wrong stock & fully invested.
The question we all have to ask is, can we survive another possible down turn coming soon & what strategies have we put in place to protect ourselves?
Downturns aren't all bad if we prepared & have available cash to use, in fact they can be unique opportunities as we have seen over the last 6 months.
Regards
Buffett