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>He didn't buy them for 12+ months, he bought them for 12+ years He just turned 90, didn't he? A standard actuarial table says his life expectancy is 4 years o
by perl4ever 6y ago
>He didn't buy them for 12+ months, he bought them for 12+ years
He just turned 90, didn't he? A standard actuarial table says his life expectancy is 4 years or so. There is absolutely nothing he can do any more as an investor, that will meaningfully impact his life, so his decisions mean nothing.
- chriselles 6y agoWell, he is investing on behalf of his Berkshire Hathaway shareholders.
- perl4ever 6y agoYes, of course. I'm saying there are no consequences for him, positive or negative. He'll never know what the outcome is of anything long term. Buying gold and energy has no more weight, for him, than just expressing an opinion. He not only can't lose anything, but he can't even be embarrassed, in the long run.