2 hours ago
Frank Fitzpatrick bought ~200 shares of Berkshire Hathaway (BRK-B) at $40 in 1976, sold after 14 months when the stock doubled, then bought back in at a higher price.
Fitzpatrick used his Berkshire gains to buy a Lake Tahoe lakefront home, fund an education nonprofit, and leave shares to his two children.
Fitzpatrick's habit of running back to Berkshire despite a painful early exit shows temperament, not timing, drives long-term investing success.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
In 1995, a family gathered on the deck of a newly purchased lakefront home in Lake Tahoe, Nevada. According to The Wall Street Journal, they came together "for a group hug and said, 'Thank you, Warren'". The homeowner was Frank Fitzpatrick, a Lake Tahoe tax lawyer known to friends as "Forty-Dollar Frank."
#tahoe #shares
Fitzpatrick used his Berkshire gains to buy a Lake Tahoe lakefront home, fund an education nonprofit, and leave shares to his two children.
Fitzpatrick's habit of running back to Berkshire despite a painful early exit shows temperament, not timing, drives long-term investing success.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
In 1995, a family gathered on the deck of a newly purchased lakefront home in Lake Tahoe, Nevada. According to The Wall Street Journal, they came together "for a group hug and said, 'Thank you, Warren'". The homeowner was Frank Fitzpatrick, a Lake Tahoe tax lawyer known to friends as "Forty-Dollar Frank."
#tahoe #shares
