A.I.M. Users Bulletin Board

[ls7550]

Buffett likes to keep 10% in reserves (cash i.e. T-Bills) for buying opportunities as/when they arise.

You have to accept lower rewards from such cash for the required liquidity as/when such opportunities present themselves as they may be short lived events. Fixed (locked) term Bonds despite paying a little more may prevent you from being able to access/deploy such funds when appropriate (instant access is more preferable).