"most of it is "sitting" in the bank, which is expert at putting that money to work."
bank!?! heck, didn't someone just successfully sue his broker because he kept too much of a large portfolio in cash?
u find me one rich guy who has any, even modest, fraction of his/her net worth in cash, and i'll eat my hat. well, um, baseball cap.
seems to me that alot of it has been speculating in real estate, commodities, junk bonds and other bubbular activities. has to be them, cuz j6pack doesn't have access to such investments.