“I tell my wife, as I shave in the morning, I say, ‘Either $2.61, $2.95 or $3.17.’ And she puts that amount in the little cup by me here [in the car],” Buffett said in the documentary.
Good anecdote! Since I will never approach even 1/10000 of WB’s worth, I refuse to spend the princely sum of 2.95 on a sausage mcmuffin. 1.50 is more my style.
I grew up here. Pretty much born here. It’s hard to get in the market now which of course is pretty apparent. I mean, I’m from Cupertino…close to the foothill area.
When I was lamenting, long before, to my friend, he was telling “Every time, it is like that until neck/head deep loan”. He advised me to first break the thresh hold by paying extra premium to get the other bidders out. He is clairvoyant and his advise helped me break the barrier , my first home purchase at Cupertino 15 years before.
One does need to get lucky to marry somebody in their 20s that is emotionally and financially mature. It is not impossible. That said, people change over time, so when one gets married in their 20s, they are also making a bet that their spouse isn’t going to hit middle age and go nuts/crazy and turn into someone else.
Lots of risks. Getting married is a big gamble. One of the biggest setbacks in life is divorce… avoid that bullet if one can. I have seen soooooo many couples split up in their 40s - a huuuuuge setback in life, both emotionally and financially.
Or … you don’t even need to be the highest bidder. Just do a fast close and waive contingencies if you’re confident about the quality and condition of the property. The last one I bought, I was not the highest bidder but I had a 5-day-close and waived contingencies. And, of course, I wrote a warm and fuzzy letter to the sellers.