Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
21 Apr 2021 Acquired Berkshire Hathaway Part I
“I think that’s the difference between Warren and most normal people, too, is that money in the future probably has about the same utility to him because it’s not about what he can buy with the money.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 21 Apr 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part I
Transcript context
…And just to come back and say it so we all have a firm understanding here, if you took that $1000 and you want to invest it for 70 years, say getting at 10% per year return on it—which would be good, that would be a very good return, I think it’s a little bit outpacing public markets—that’s $800,000 70 years from now. Seventy years from now, my money has a lot less utility to me than it does today because I will have not had it my whole life, which is the curse, but if you’re Warren and all you’re seeing all the time is that money in the future, my gosh. I think that’s the difference between Warren and most normal people, too, is that money in the future probably has about the same utility to him because it’s not about what he can buy with the money. It’s just about the stack of money. Yup. For Warren it is a score board game, not a utility of the cash game.…
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