I'm noting an element of desperation in your posts recently Parrot.
Of course, in the long run we are all dead as J. M. Keynes famously said.
I don't plan on liquidating my assets as I'm on my death bed, because none of us, with any degree of accuracy know when that's going to be, could be tomorrow morning, and of course there's tax and other implications.
And even if I did know when they were send me up the chimney, I wouldn't enjoy the profits, so Buffett is planning long term, smart strategy, he's planning his succession, not spending it cruising the World on the Queen Victoria.
What's your plan Parrot? Like Mike Maloney, $15,000 gold gonna make you ultra-rich so you can cruise the World, worry-free?
You might not make it that far, who knows what the future holds for any of us.
I've posted this before but here it is again.
If you bought $1 worth of bonds in 1801 you'd have $1000 in 1998.
If you bought $1 worth of stocks in 1801 you'd have $500,000 in 1998.
If you bought $1 worth of gold in 1801 you'd have 78 cents in 1998.
The calculation was done in 1998.
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