Cash Is King
"Cash is king" may be one of the most utilized phrases in the investment world, and you typically hear it most during times of great uncertainty and market upheaval.
While there is definitely something to be said for keeping some powder dry, especially for great opportunities like those in late 2008 and early 2009, the phrase has another connotation to me. As a deep-value investor, cash can also be king when it's on a company's books, and there's a lot of it relative to total current assets and debt....365 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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