Ed's recommendation is to have some dry powder (cash allocation) without specifying percentage—it could be 100% cash or 5%—taking a cue from Buffett's positioning to be ready for major corrections without advocating complete market exit.
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Speaker
Ed DowEvidence Quote
“people when they ask person I say look have some dry powder do what Warren buff is doing I'm not telling you your you know your allocation decision whether it's 100% or 5% but have some dry powder in cash cash equivalents to take advantage of the opportunities”
Created: 8/11/2026, 6:41:08 AM
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