'Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.' ise words from Warren Buffet, the oft-cited king of investing and like many of his quotes they are as pertinent, if not more so, today than when they were first mused upon. With inflation pushing decade long highs fuelled by myriad reasons that have kept the headline writers in overtime over the past few years, Sovereign are astonished by the sheer amount of large cash balances being clung onto by clients right across the spectrum.

https://www.theportugalnews.com/news/2022-06-09/holding-on-to-your-cash/67788

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