The next big crash can't be far away...
Cash is good. It can be moved anywhere with the click of mouse, instantly.
I remember watching the TOLL Brothers sell out the majority stake in their housing company in the lead up to the US housing crash back in the 00's. It was so obvious what was going on but the media spin it as "Profit taking." Buffett and Gates were moving vast sums then too, into their save the world private Gates Foundation, which of course they both controlled. They both has massive taxable share holdings but by using the Foundation, avoided all Tax. After the crash Buffett was a big buyer of bank stocks, they were cheap as chips. The media spun it as "Buffett is behind the US banks and you should be too" He got special insider deals special prices and options. Too Big to Fail.
Who controls Gates Foundation? Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of co-chairs Bill Gates and Melinda French Gates and the board of trustees. Though Buffett has left the fund now, it served its purpose. Once the shares were donated back in the 00's who knows what happened to them, No taxes then, they were probably sold before the crash and the cash moved through Cayman Island banks. This next collapse will be HUGE! Might not be a recovery either, not for many many years.
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