Warren Buffett: This asset offers ‘more opportunity’ than real estate, young Charlie Munger would pick it ‘in a second’
View original at finance.yahoo.comWarren Buffett: This asset offers ‘more opportunity’ than real estate, young Charlie Munger would pick it ‘in a second’ Getty/JOHANNES EISELE Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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For most people, the best investment is owning the S&P 500 index fund
80% confidenceWould buy 1% of all apartment houses in the country for $25 billion
80% confidenceReal estate negotiations take forever and begin when you agree on deals
80% confidenceYoung Charlie Munger would have chosen stocks over real estate if forced to pick one for life
80% confidenceReal estate trouble often involves dealing with more than equity holders
80% confidenceIt's a ridiculous assumption that renters are going to make the payments for landlords
80% confidenceStock market offers more opportunity than real estate in the United States
80% confidenceRenters sometimes don't pay due to cancer, car wrecks, job loss, or pandemics
80% confidenceReal estate deals are more complex and time-consuming than stock transactions
80% confidenceStock transactions can be done quickly and anonymously at New York Stock Exchange
80% confidenceAt age 94, getting involved in lengthy real estate negotiations is not interesting
80% confidence