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Thanks, Jim.
The best example is the one in Berkshire's chairman's letter where he discusses how, despite having given away 5% of his [then current] number of shares each year for many years, the market value of his shareholding had gone up, not down. He doesn't do an inflation adjustment in that example, but the numbers weren't even close, so it didn't matter.
Yes. Maybe we're just getting too complicated. I get into the weeds on this stuff, then realize that a 4% withdrawal rate from Berkshire at the current price is more than we spend. And in any case, we spend what we spend. We don't have or need a budget.
This is particularly appropriate as I think it would be quite nice to live forever.
Not happening, though I'd like to leave some for the kiddos.
