Subject: Re: Have about 2.5 years of cash left for expenses
I love the "only cash and Berkshire" purist approach. In my case, retirement income will come very significantly from Berkshire, but also from a hodgepodge of other sources (index ETFs, target funds in 403b and 401k). In terms of cash lying around, I guess I do "need" some sort of security blanket. 2-3 years sounds about right. I used to think more, but this board has helped me to see there's probably little point in 5-10 years of cash. Between Jim's posts on Berkshire drawdown and the Rational Walk article on Berkshire generating income, I hope to be all set when the time comes.