“Bales Of Cash On The Sidelines”: The Average Billionaire Has A Record $600 Million In Cash

–  “Bales Of Cash On The Sidelines”: The Average Billionaire Has A Record $600 Million In Cash (ZeroHedge, Sep 26, 2014):

While the saying “cash on the sidelines” is patently wrong as all cash represents is a form of risk, asset and liquidity preference (and yes, for every buyer of stock there is a seller: repeat as many times as necessary until it clicks), we are confident the fact that the world’s record number of billionaires, 2,325 in 2014 up from 2,170 a year ago, holding a record $7,291 trillion in assets or a little under half of the US GDP, have a record $600 million in cash on average, up from $540 million the year before.

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