No. of Recommendations: 16
the math on this truly"gobsmacking"
Just watched “Becoming Warren Buffett” on HBO or Showtime or wherever it was. Not terribly insightful (I think most everyone on this board knows everything about his life anyway) but the relevant point was “compounding”. It’s magic, all it requires is “time”, which we all have some of. Well, maybe not anymore, but once-upon-a-er-time we did.
I’ve had a bunch since the mid 90’s and other tranches acquired along the way. Some of it I’m lucky enough to have in an IRA and a Roth IRA, but some is right out in front of the tax man, who I can see rubbing his hands together in anticipation.