Subject: Re: Berkshire Safe Withdrawl Rate
" Here's a great backtest.

BRK-A since 3/17/1980, 5% annual withdrawal."


Oh my, level with us partner, were you a history professor? ::))

So that we are very clear, your position is that IF Munger could text me from brkville heaven today his message would be, stay the coarse, keep hoarding cash until it tops 400 BILLION, and wait for brk to trade below 1.4 XS BV, no other moves are necessary, is that what you believe?

Thank you and AAAAAAAmen.