So right now the stock market is going crazy. How long is it anticipated to last before the bottom drops out?

[DFW]

26. A friend of mine in Dallas would agree with you.

In the late 1990s, he told me about Berkshire Hathaway, which I had never heard of. When he told me it was $33000 a share, I remarked, “and that would be why I have never heard of it.”

His instinct—he is NOT a professional financial advisor—and his successful ventures elsewhere enabled him to accumulate around 100 shares, which are now worth $690,000 a share (looks like $33,000 wasn’t so crazy after all). But, of course, who in 1997 had $3.3 million AND the guts to risk it on one stock? He actually would have LENT me the money to buy ten shares at the time. We are VERY good friends, obviously, and he adores my wife, who, by the way, was not available as collateral. But my conservative nature made me terrified of risking $330,000 I didn’t have on something I didn’t understand. Knowing how good his instinct was on everything else, I should have!! At least he always buys dinner when we meet up. I don’t even bother to protest for show.