Economic TimesLean R·
Quote of the day by Robert Kirby: "Cash really hurts if you hold it very long in an equity market that is compounding at close to 20% per annum"
Robert Kirby’s observation highlights the opportunity cost of holding excessive cash when equities compound strongly. While cash provides safety and liquidity, prolonged market absence can erode wealth creation. Long-term investors may benefit from balancing liquidity needs with disciplined equity exposure.
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