Great post Mark! On the contrary, your “mental gymnastics” score a perfect 10 with me. I’ve been retired for 6 yrs now and have to admit the process of allocating a low risk (sub-optimal return) portion of my assets to a stream dedicated to my near term living-life plan took some getting used to after working 40 yrs to optimize the returns on every last penny. Your comments around “peace of mind” are the crux of this strategy. I’ve concluded that if your plan can support 4-5 yrs of funds in this near term life bucket why not do that and live life without the worry of what do I do if/when the market goes through a correction.
Great post Michael! Warren is one of a kind! I believe 35K at 20% for 70 yrs is more like $12 billion vs $20B (if I did my math right) but who’s counting! 😜
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Great post Mark! On the contrary, your “mental gymnastics” score a perfect 10 with me. I’ve been retired for 6 yrs now and have to admit the process of allocating a low risk (sub-optimal return) portion of my assets to a stream dedicated to my near term living-life plan took some getting used to after working 40 yrs to optimize the returns on every last penny. Your comments around “peace of mind” are the crux of this strategy. I’ve concluded that if your plan can support 4-5 yrs of funds in this near term life bucket why not do that and live life without the worry of what do I do if/when the market goes through a correction.
Post: The Absurdity of my Mental Financial Gymnastics
Link to comment from December 3, 2025
Great post Michael! Warren is one of a kind! I believe 35K at 20% for 70 yrs is more like $12 billion vs $20B (if I did my math right) but who’s counting! 😜
Post: Be Like Warren Buffett, And You Will Do Great ( Most likely on a smaller scale, though)
Link to comment from November 22, 2024