ASX Education: The Death Sheet
I was once very taken with a story (hopelessly embellished for effect) that Warren Buffett’s ‘people’ had once been so pestered by a wealthy Pom wanting an audience for “Just one hour” that they eventually had to appeal to Warren himself to get rid of the man. His reply was simple enough. “I have worked out that I have 42,515 hours left to live, if you don’t mind I don’t want to waste any of them”.
Since we heard this in the office we started what we called “The Death Sheet”. It is an excel spreadsheet that slaves off the actuarial life expectancy tables. The average life expectancy of an Australian female born now is now 84.3 years. The average Australian male life expectancy is 80.1 years and if you make it to...Continue Reading