Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
今天，拿着现金的人内心很舒服。但他们不应该那么舒服。他们选择了长期来看表现最差的资产，没有任何回报，并且持续贬值。