Subject: Berkshire Safe Withdrawl Rate
I remember Jim posting about a safe withdrawal rate based on book value. All those links are now dead, which is a real shame. The Fool lost something quite valuable there.

If I remember correctly, and I'm sure Jim will chime in, the idea was book value tends to grow at x% above inflation, and one could withdraw the growth % less a safety factor.

The numbers I had written down were:
Nominal Growth 8.5%
Inflation 2.5%
Safety 1%
Withdrawal Rate 5%

Currently, that would be 324 * 5% = $16.20 per share
500/16.20 = 3.2% withdrawal rate on current share price

Probably a bit conservative. I get 10-year nominal growth of 12%, 15-year of 11%, 20-year of 11%.

Thoughts? Jim?

And to remind myself:
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