Just to update everyone: in two weeks, there are 10 million people applied unemployment claims in US. Cash is the king!!!

This Covid-19 should wake up many investors on what is risk management, for your portfolio and also for your personnel. Cash is a sign of strength, not weakness. Look at the 3.3 million unemployment claims in US! It’s just the beginning. And remember only around 200,000 claims three weeks ago.

Not many people can understand cash is actually an option. Same as other options, the higher the volatility, the more valuable the cash is. So with so much cash on hand, ICAP is becoming more valuable now in current market environment.

@ahbah you ignore Quincy's post simply because you think it is long and complex, not because it is right or wrong, that's amazing!

I can do you a favor by summarizing Quincy's main point: Berkshire Hathaway underperformed the market for 11 years. Still, over 42 years, $1 invested in BRK.A grows into $3,416 while S&P500 would grow only from $1 to $26. The main reason is that for a long-term investor, some annual underperformance is not relevant, the key is: do not lose money.

Posted by ahbah > Oct 18, 2019 10:55 AM | Report Abuse

Just share info only, write simple simple enough lah.


Hi ahbah, my school teacher told me that if a person cannot write clearly, then he cannot read and understand others clearly. So any information to a person who have difficulty to understand is just a noise.

Posted by ahbah > Oct 18, 2019 10:22 AM | Report Abuse

Hi soaring, What is your view on ICAP's cash holding, please ? Thanks.

Hi ahbah, I really want to share with you my view on ICAP's cash holding, but to have a discussion between us is to see things through the other person’s eyes. A mutual understanding is a must for any discussion. You told me "I no got know how to write clearly to U lah", then how can we have any discussion? Karl Popper once said:"The aim of argument, or of a discussion, should not be victory but progress." I'm very sorry I cannot discuss with you unless you are able to "write clearly" to me. Thanks.

hi ahbah, you have written so many posts before, but suddenly you told me "I no got know how to write clearly".

Hi ahbah, "I just wish we could return our Icap shares to Icap and ICAP cash holding is used to return the NAV to us", what do u mean???

Posted by ahbah > Oct 17, 2019 4:56 PM | Report Abuse

" Posted by soaring > Oct 17, 2019 4:30 PM | Report Abuse

abbah, just wondering, why putting money in the bank is not good for the fund? "

I no got know lah. Can U please explain that to all here. Thanks.

But if the fund make more money and put more money in the fund, that is good for the fund.

Hi ahbah, I'm confused, I thought you already know the reason and that's why I'm asking you to share with us your view on ICAP's cash holding. I really want to learn from you. Thanks.

abbah, just wondering, why putting money in the bank is not good for the fund?