No. of Recommendations: 1
markr33 said "But aren't they a really extreme example of such as they relied on friends to cover much of their normal expenses (housing and such). And besides, wouldn't they have run out of money had they continued with their fixed-income-only investement strategy for much longer (and not have written well selling books)?"

Actually, this is not an accurate report of how they live. While they have many friends, and get and give hospitality, they are not "moochers". They have an apartment anywhere that they stay for any considerable period. Also, so what that they changed their investment strategy? Did they take vows to persist forever in their original plan? And last, they wrote one book, which was moderate seller, and which they never revised or tried to capitalize on by lecturing, etc. They are actual retirees.

This is not to say that anyone could live like they do. They are very flexible and likeable people. Which as we know are not universal traits.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.