Warren Buffett Investment Tips. Warren Buffet provides investment tips on real estate and the American economy. He said that our country’s social goal should not be to put families into the house of their dreams, but rather to put them into a house they can afford.
Warren Buffett’s annual letter to Berkshire Hathaway shareholders is the year’s most anticipated financial update. It’s certainly the only such document that could be considered required reading. This year’s letter, which Buffett released on Saturday, puts the Oracle in the role of cheerleader-in-chief for America, positing that our history provides ample reason to believe our best days lie ahead.
Buffett spends plenty of time discussing Berkshire Hathaway’s financial results. But the most interesting content, as usual, is its homespun advice for individual investors. He also said not to count out America.
“The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential-a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War-remains alive and effective.”
Real estate was also mentioned. “Home ownership makes sense for most Americans, particularly at today’s lower prices and bargain interest rates.” Still, Buffett points out that he has owned the same house for more than five decades; he’s not talking about flipping foreclosures in five months.
Buffett admits that he would have done better had he rented and invested the purchase cost; so he’s not basing this on some rent-v-buy calculation. The rewards of ownership aren’t strictly about the numbers, he writes. “For the $31,500 I paid for our house, my family and I gained 52 years of terrific memories with more to come.”
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