In
one of Berkshire Hathaway Chairman's letter in the earlier years written by
Warren Buffett, he told a story, as he usually does, about his investment
approach. He mentioned the loaded "shot gun wait" for a slow moving
elephant as he sits waiting patiently. In last year’s letter he promised a
return to the investment jungle as he had dry powder, but couldn't find a slow
moving elephant fast enough to allocate his ever growing cash intake.
Dry powder is really referring to
gun powder in a financial sense, but cash is the investment substitute
for dry powder.
Link (Dry Powder video)
You have to have dry powder to
invest.
Like and share with ten of your
friends.
Feel free to ask question and
make comment.
FII
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