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The Economic Times
The Economic Times
Debaroti Adhikary

Still holding cash at home? Warren Buffett calls it oxygen, but says it’s not good as an asset

Warren Buffett Berkshire Greg Abel Alphabet

Holding cash at home is typically considered a safe investment option for many Indians even today, as they feel they can access it immediately in times of need. Legendary investor Warren Buffett feels cash is like oxygen for your portfolio, but it is not a good asset.

“You do need oxygen, and if you are ever without it for four or five minutes, you will learn. And cash is that way. So you always need to have it available, because you do not know what will happen,” Buffett told CNBC during an interview earlier this year. He, however, added that while holding cash at certain levels is necessary, it is not a good asset.

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