If you don't keep your books, we can't answer this question. So please keep your books. If you hold too little cash it shows that you're either reckless or not hitting necessary revenue. If you have too much it tells me you don't have vision for excess cash. Or possibly your threshold for risk is pretty low. Either way, your cash holding strategy tells us a lot about you.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joshrosenthal.substack.com