Warren Buffett’s recent letter to share holders expressed the importance of having an emergency fund. I think the idea is great. With the fund you are able to be free by not having a job for a certain period of time.
The letter summary:
- Insight into BH culture.
- Buffett hints at continued economic recovery? Mentions a recovery in the housing market will begin in the next year.
- Some perspective on leverage and emergency funds. He included a family letter from his grandfather on the importance of an emergency fund.