Getting through the storm

Warren Buffett's and Charlie Munger's diaries are blank, just like those of the rest of the planet. In an interview with the Wall Street Journal, the 96-year old Munger reveals that Berkshire Hathway is not looking at any investments right now. Despite having one of the largest holdings of cash in the world (about US$ 125 billion, or about Rs 10 lakh crore) and assets going cheap, Buffett and Munger are sitting on their hands. Munger makes it clear that this is not a situation that he understands (or anyone understands) and therefore would like to ride it out with all their liquidity intact rather than rush into something and regret it later. As he says, "This thing is different. Everybody talks as if they know what's g