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Warren Buffett is always prepared for a market crash. First, it’s about having a diversified portfolio with which you’re comfortable withstanding the volatile financial markets. Second, have the dry powder to take advantage of opportunities that pop up.
Mr. Buffett is prepared for a market crash with lots of cash available. Here’s how you can prepare for a 2021 market crash.
Cash
Buffett’s
Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) has a fortress balance sheet with tonnes of cash and cash equivalents. Under his insurance and other businesses (railroad, utilities, and energy), Berkshire has US$26.8 billion of cash and cash equivalents.
Leading RBC real estate broker, Gary Morassutti, to retire
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Wall Street s 6 Painful Lessons From Year of Epic Debt Fights
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Clockwise from left: Brookfield Property Partners CEO Brian Kingston, 845 East 136th Street in the Bronx, 1010 Bedford Avenue and 120 Evergreen Avenue in Brooklyn (Google Maps; Brookfield)
The uptick in middle-market investment sales activity in the city continued last week. Six deals involving industrial and residential buildings tallied $98.9 million. It was the third week in a row that more than $97 million in transactions were recorded across the five boroughs. The deals are all between $10 million and $30 million each.
On the list last week was Brookfield Property Partners, which bought in the Bronx. Facing financial woes, All Year Management sold in Brooklyn. Brookland Capital, which has been liquidating its assets, also sold a property in the borough.