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<p>[QUOTE=&quot;Blaubart, post: 2000462, member: 37498&quot;]Part of this wealth preservation that you speak of is the idea that the economy could collapse to such an extent that most retirees who were living on their retirement savings would need to return to the work force.</p><p><br /></p><p>I guarantee you that no financial event will ever force Warren Buffet to take a day job.&nbsp; First, when stock markets collapse, it&#039;s not the billionaires that end up losing 99% of their savings.&nbsp; They are the first ones out of the markets and are a large part of such collapses.</p><p><br /></p><p>But, let&#039;s say he wasn&#039;t able to sell off his stocks fast enough and he did lose 99% of his investments in the market.&nbsp; He&#039;ll still have $600 million.</p><p><br /></p><p>If he did really, really bad, and lost 99.99% of his investments, he&#039;s still got $6 million.</p><p><br /></p><p>Also, Warren Buffet is an aggressive investor who seems more interested in growth than preservation.&nbsp; Maybe when he approaches retirement age, he&#039;ll switch strategies to conform to your advice.[/QUOTE]</p><p><br /></p>

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