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Buffett will definitely pay. It's less than 1.2% of Berkshire's cash on hand. And only about 0.24% of Berkshire's book value. Roughly the amount his personal

Buffett will definitely pay. It's less than 1.2% of Berkshire's cash on hand. And only about 0.24% of Berkshire's book value. Roughly the amount his personal wealth fluctuates each day. source: http://finance.yahoo.com/q/ks?s=BRK-A+Key+Statistics http://finance.yahoo.com/q/ks?s=BRK-A+Key+Statistics

kristopolous 13y ago
I've thought about the fluctuation thing. Say I was to misplace $1 ... I probably wouldn't notice. $100 would probably catch my eye, but is that only because my total wealth is a few orders of magnitude above that? The question is if I commanded say, $10 billion, could I just as carelessly misplace say, $10,000 as I currently can with $1.
- ryanSrich 13y ago
  I think so, yeah. I noticed it when I started making more money when I got a full-time salaried job. Before I'd quickly notice a couple dollars missing from my account or I'd really rely on that $50 for gas. Now I could get gas 3-4 times per week and I wouldn't even notice. I'd imagine if I was worth billions I could easily not notice 10, 20, 30k missing. Then again Buffet is notorious for being frugal so perhaps he would notice.
- arg01 13y ago
  Probably depends how frugal you are. I'd expect for a lot of people it would come to carelessly misplacing $10,000. Especially in the sense of being happy to change the money in to a frivolous good that you forget about or believing you'd just left it laying around the house and will find it later.
- grecy 13y ago
  Of course. Think of it as a percentage of your income, or wealth that you're OK with being unable to account for. Let's say that figure is 1% of your income.. so you make $50,000 per year, and somewhere $500 goes missing. No biggie. That 1% figure is the same if you're McDonald's or Buffet, it's just that 1% of their income is a very big number. It's still only 1% though, so it's equally as unimportant to them as your 1% is to you.
  - eru 13y ago
    Though 1% of McDonald's income pays for quite a few people to take it very seriously. (Even if McDonald's, the corporation, does not.)

kristopolous 13y ago

I've thought about the fluctuation thing. Say I was to misplace $1 ... I probably wouldn't notice. $100 would probably catch my eye, but is that only because my total wealth is a few orders of magnitude above that? The question is if I commanded say, $10 billion, could I just as carelessly misplace say, $10,000 as I currently can with $1.

ryanSrich 13y ago
I think so, yeah. I noticed it when I started making more money when I got a full-time salaried job. Before I'd quickly notice a couple dollars missing from my account or I'd really rely on that $50 for gas. Now I could get gas 3-4 times per week and I wouldn't even notice. I'd imagine if I was worth billions I could easily not notice 10, 20, 30k missing. Then again Buffet is notorious for being frugal so perhaps he would notice.
arg01 13y ago
Probably depends how frugal you are. I'd expect for a lot of people it would come to carelessly misplacing $10,000. Especially in the sense of being happy to change the money in to a frivolous good that you forget about or believing you'd just left it laying around the house and will find it later.
grecy 13y ago
Of course. Think of it as a percentage of your income, or wealth that you're OK with being unable to account for. Let's say that figure is 1% of your income.. so you make $50,000 per year, and somewhere $500 goes missing. No biggie. That 1% figure is the same if you're McDonald's or Buffet, it's just that 1% of their income is a very big number. It's still only 1% though, so it's equally as unimportant to them as your 1% is to you.
- eru 13y ago
  Though 1% of McDonald's income pays for quite a few people to take it very seriously. (Even if McDonald's, the corporation, does not.)