No. of Recommendations: 3
Cash can even burn a hole in a corporate pocket, eh?
We're patient; we've both been invested through all the calamities of the last 30 years, and know those can be eclipsed. I told some folks on another forum that a 25% drop wouldn't surprise me a bit, maybe even larger.
The difference is a sort of patience and not indulging whims and gratification mentality. It seems to be rare. Could Buffett afford any piece of real estate on the planet? Sure...but much of the reason he can buy them, is because he hasn't bought them. Me, not so much...but I could buy any Porsche I want (ah, the 911, how I've love ye for decades...). Maybe one day.
I'm glad my kid has mastered delaying gratification at such a young age, and started in on the IRA eight years earlier in life than I did.
