Post #12850 by rayvt on the Berkshire Hathaway board

Please be patient and understanding when interacting with others, and avoid getting frustrated or upset if someone does not respond to your posts or if a discussion does not go as you expected. Remember that everyone is entitled to express their own perspectives. Furthermore, even when you don't entirely agree, try to benefit in some way from it.

- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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Buffett was worth about $3.8 billion at age 65. Now at age 94, that investment in BRK--including the portion he has given away--is worth about $365 billion. Which is to say 99% of that wealth came after age 65.

A financial illustration of Zipf's law.

As we talked about on the TMF board a couple of decades ago, the first comma is the hardest.

At Christmas I had a family discussion about investing for retirement with my son and his wife (with 3 youngsters), we (my wife and I) always bemoaned that when you are a young family and need the money badly, your income is low, but later in life your income is highest but your kids are grown and gone so your expenses drop a lot. Too bad life isn't the reverse, so you'd have the most income when your expenses were highest.

DIL kind of hoped that this was the lead-in to us giving them a large check. Sadly for her, not the case.

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