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TIP485: Market Updates, Ray Dalio Retiring, Elon Buying Twitter and Elemental Power w/ Josh Wolfe
We Study Billionaires - The Investor’s Podcast Network
What Have You Learned From the Top of the Year?
Growth was becoming unprofitable for many companies, and we basically said, don't invest in growth. Instead, husband that cash and start to look towards consolidating your sector. So I think going into this year before the market really got hit, about 90% of our companies had cash for two years or more. And I think they feel very good that they have these sort of board chest balance sheets to both withstand the current market and be able to pounce on opportunities.
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