As far as Mohamed El-Erian is concerned, cash is king, at least for now. In an interview published this weekend by the Orange County Register, the former Pimco CEO answered questions about a range of topics, from the book he’s writing to his views on President Obama. But there was one question at the end of the Q&A that caught our eye.
Where has El-Erian parked his money? The answer: Most of it is sitting in cash.