Subject: Great Timing Jane !
Rational Reflections: Different Types of Mistakes

Overpaying for an investment is undesirable but time can heal many wounds

"Jane's Story

Let's revisit the fictional story of Jane, a 45 year old who received an unexpected inheritance of $750,000 in the fall of 2001. I wrote about Jane eleven years ago when I put together an assessment of Berkshire Hathaway's performance for the ten year period spanning 2002 to 2011. Here was my description of Jane's financial position at the time she received her windfall:"

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