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RWH041: Ignore the Crowd w/ Super-investor Bruce Berkowitz
We Study Billionaires - The Investor’s Podcast Network
The Power of Cash in Financial Planning
Maintaining a substantial cash reserve provides financial security during market downturns, allowing for emotional detachment and strategic decision-making. Having cash on hand offers flexibility, liquidity, and the ability to focus on long-term financial value rather than short-term gains. Cash acts as a safety net for emergencies, unknowns, and unforeseen circumstances, ensuring peace of mind and enabling individuals to withstand difficult periods without panicking about financial stability.
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