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Richard's Remarks

When I was young, around age 21, I decided to plan out my life. I bought a book of compounding tables and sat down to figure out how to be rich and retired at age 65. Unfortunately, nothing I planned worked out the way I thought it would. Bull markets came, only to be followed by bear markets. By age 65 I had still not accumulated the money I needed to retire. Of course part of the problem was that inflation changed the basis of my computing. Back in the sixties, I bought a few shares of Berkshire Hathaway, mainly because I wanted to read Buffett’s sage annual statements on investing. Had I put all my money into BRK at the time, I would now be a billionaire. Who knew.

 

Last night I finally saw that outlandish movie, The Wolf of Wall Street. The movie was basically a fantasy. The movie presented Wall ... Log in or subscribe to continue reading.


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