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Start with $10,000 in Berkshire Hathaway Class B shares and dollar-cost average into it. At 10% annual returns, your money doubles every seven years. Over 49 years, $10,000 becomes roughly $1.28 million.
Start with $10,000 in Berkshire Hathaway Class B shares and dollar-cost average into it. At 10% annual returns, your money doubles every seven years. Over 49 years, $10,000 becomes roughly $1.28 million.
How would I take $10K and turn it into a million? Circa 2025, we cannot go into the S&P. Okay. So what I would do is I would treat Berkshire Hathaway as the index. Currently, dollar cost average into the Berkshire Class B shares. Okay. And you keep doing that day in, day out. And if we did that, the math is really simple. Even if we were doing 10% a year, we would double every 7 years. Life is all about doubles. Let's say we are a 20-something guy with $10,000 and you go for 50 years or 49 years. It's 7 doubles. Okay. 7 doubles is 128 times your money. I gave you 128x in 49 years without having to be a genius, without doing anything, right? So this is just Plan B.
