Somehow the answer to my question has devolved to “which ETF” (or other index fund) should he buy, which is the farthest thing from what I meant.

Surely there are wonderful individual stocks to be had somewhere ? No? Berkshire bought a crap-ton of Apple, even as it seemed “over-valued” at the time. Turns out it wasn’t, and it winds up being “a great business bought at a fair price.”

Is there not another one or two or three on the long list of companies which are publicly traded? So not in tech (OK, I get it). Not in pharma? Not in home building, construction, or finance? Nothing in consumer staples? Basic materials? Telecom? Utilities? Nothing in foreign markets?

I am not suggesting throwing as much at the top choices as they did at Apple. I’m asking “cash”? Sure, we all get there has to be ammunition for the big game hunt (which may never come again) and for insurance payouts, but “cash”? It’s an ungodly hoard, isn’t it?