Warren Buffett and Charlie Munger point out why they don’t invest in real property and view it to be a lousy investment.
The ask goes: “I wonder if you happen to might perhaps perhaps well perhaps give us a scrutinize into your investment direction of, the vogue you ability taking a stumble on at a explicit industry. And I wonder if you happen to might perhaps perhaps well perhaps exhaust real property for instance. I do know real property hasn’t been a colossal, colossal segment of Berkshire’s portfolio over the years. And I wonder if that’s because you scrutinize real property as a commodity industry or if, per chance, the cash flows from real property are inclined to be extra predictable than, presumably, from every other industries, and thus, it tends to be much less seemingly to be mispriced, and therefore much less seemingly to search out terrific bargains in real property. So, factual questioning if shall we — if we were looking out at a dialogue between you and Charlie hashing out the deserves of real property,[tell us] how it would mosey.”
From Berkshire Hathaway Annual Shareholders Meeting. (2002)
Warren E. Buffett is an American long-time duration investor, philanthropist, industry tycoon, and the chairman & CEO of Berkshire Hathaway. He is actually apt in actual fact one of many most qualified traders on the earth and has a earn rate over 100 billion greenbacks. Buffett modified into born in Omaha, Nebraska. He developed an pastime in industry and investing in his childhood and made in actuality inconceivable stock market returns over his profession.
Portion this video with a chum if you happen to found it precious! Elevate into consideration subscribing to the channel for videos about investing, industry, stock market, managing cash, building wealth, passive earnings, and other finance-related advise material!
Warren Buffett: Why Staunch Estate Is a LOUSY Investment?