There has been talk about how a stock market crash is much overdue for some time now. What do I think? Well, I can tell you that the stock market will crash sometime in the future. What I cannot tell you is when it would exactly happen. Brilliant, isn't it? Cannot go wrong with saying something like this. I always say that we cannot predict when Mr. Market might go into a depression but we can most certainly prepare for it. Think war chest. Always have some money put aside in case opportunity knocks. We don't have to be in a hurry to put all our money to work. If there is nothing worth investing in, just sit on cash. I certainly do not have any trouble sitting on cash and collecting dividends. In fact, I rather like it. See: Revisiting AK's strategy with Charlie Munger....