Holding 100% cash may not be optimal; some positions in T-bills and short-term treasuries paying 5% can maintain capital while generating yield, but capital preservation should be prioritized over yield generation when markets drop by 25% or more.
normativepending
Speaker
Henrik ZbergEvidence Quote
“sometime it's good you know 0% is good with the market drops by 25% and this is where people say I need yield I need yield all the time well yes but sometimes it's the preservation of capital which is should be in focus [20:55]”
Created: 8/11/2026, 7:45:29 AM
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