Legal & General Share Price (LGEN)

Gary, between now and the next exdiv there's no benefit in being invested, so plenty of time available to buy back here around 220ish, obviously there's no guarantee on how much it will drop, still holding 2/3rds so not too much of a risk

The "Sage' was holding $168 billion in cash and cash equivalents at the end of 2023. By that it means that the cash was mostly stuck in US treasury bonds which are one & the same. Does that mean that he is struggling to find stocks which he thinks will pay a meaningful return? $2 billion of that is from selling a 1% stake in Apple.

I bet it still keeps him up at night.

Eccles, I think your mate Warren is having you on. Berkshire Hathaway has been sitting on a big cash (or equivalents) pile for a while now, with US stocks being expensive and cash earning 5%.

Sold roughly one third. I also have AV. which sank by more than the % dividend, so I can now buy these if LGEN doesn't do likewise. Or maybe something else, but I have cash and have already made a profit, which is nice.

According to my mate Warren Buffet one should never hold cash except what is necessary to buy groceries and pay bills. It earns nothing and always depreciates; if you can't find somewhere useful to park it you are not trying hard enough.