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Interesting.  I have some cash now but only because I am too stupid to figure out what to buy.  Or perhaps I would have more cash but I am too stupid to figure out what to sell. 

In general your logic makes sense to me.  Whatever return someone might pay me for my cash it is because they think they can take my cash and invest it at a profit.  Well why shouldn't I invest that same cash myself and pocket that profit?

In general I have trouble figuring out what to buy except when it is blindigly obvious (like late 08 and early 09 when you could buy almost anything).  So where possible I am lazy and arrange dividend reinvestment.  But I still have to deal with each year's new money and it sometimes takes me a whole year to figure out what to do with that new money.

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