Read? The best investors sit on plenty of cash The most famous, of course, is the legendary financial guru Warren Buffett, whose company, Berkshire Hathaway, sits pretty on a war chest of US$70 billion (S$94 billion) as at the end of last year. His partner, fellow billionaire Charlie Munger, reputedly advised investors: "There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn't awash in cash - and I don't want to go back. And they are hardly outliers in that sense. A study of nearly two million households with investment portfolios of US$3 million or more in 2015 by United States Trust Company, one of oldest trustee companies in the US, showed that eight of every 100 respondents held at least 50 per cent of their portfolios in cash. A further 14 in 100 had at least 25 per cent in cash, while another 40 out of 100 held between 10 and 24 per cent of their portfolios in cash. ......