No. of Recommendations: 8
My point is that there is usually no need to change a decently solid portfolio just because one might be approaching retirement
A possible reason I could imagine when Gator is saying "simplifying my life" and mentioning his age: While owning the index is a no-brainer when seen longterm one might see in contrast to that a need to constantly watch actively what happens and develops at Berkshire when Warren is not at the Helm anymore.
If Gator sees his Berkshire investment like that, potentially requiring in the future more time and attention, and sleeps better at night without having that thought on his mind, then I'd understand his intended changes, as for him they would indeed "simplify his life".
P. S. : One of many points I very much appreciate on Morgan Housel's book: That he repeatedly mentions that your investment strategy must make sense for you, no matter how little sense it might make for somebody else. His words let me sleep better at night with currently 25% of net assets in cash, more than in years and violating "The power of compounding". So it's far from optimizing returns but it gives me currently a better feel in my stomach - - - which has it's own value.
