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- Berkshire Hathaway CEO Warren Buffett Due to the company’s annual shareholder, he was asked to invest in real estate that he was afraid of Saturday. The purchase of the Berkshire portfolio by saying that property deals are difficult to complicate and sinking in the negotiations, selected the purchase and sale of the purchase.
Berkshire Hathaway CEO is a wizard in stocks in stocks, to invest in the legend Warren Buffett, who planned to take steps at the end of this year, but not in real estate.
The annual joint-stock meeting of the conglomerater was asked Saturday, why he did not receive property in high prices and economic uncertainty.
“Well, in terms of real estate, deals, time consuming time and the participation of many parties,” Buffett replied. “You usually know that you are working more than a capital owner when real estate experiences a problem.”
The famous value-oriented investor has been periods where real estate has periods where there are periods of a deal, but the stocks were cheaper and easier.
Added that in 2023, the late Charlie Munger, the Deputy Chairman of Berkshire, had more property deals and had a large number of them in the last five years of his life.
“But he played a game that was interesting to him,” Buffett said.
Again, if the munger had a choice between investing in shares or only real estate, he would get the right man.
“At least there is more opportunity in the United States, it provides more than real estate in the security market,” Buffett said.
Another wrinkle in real estate is the only owner or a family that has long been a great property owner, so he has a large property.
On the contrary, billions of dollars related fund deals can be done in a few minutes, it can be done completely anonymously and the Buffettet said.
Berkshire, in 2008 and 2009, made a few real estate deals when the mortgage bust sank real estate and financial markets, but the amount of time approaching could not compete with the stock market business.
“The cost of completing something in stocks is 100%, because of the meeting of the pricing mind. “In real estate, negotiations begin only when the deals agree on transactions and then receive forever.
Buffett’s opinions revise the President of the Exchange President Donald Trump as again considered more volatility at the beginning of the commercial war.
In April, the shares presented the tariffs for “Azadliq”, but reported Trump’s delays and exceptions to trade deals, but announced these losses on Friday and recalled.
In March, the President of the National Realtors Association Economist Lawrence Wool, the shares of real estate wealth are at a high level.
“Maybe people will start to pay attention to, where are stability?” o Spoke to CNBC. “Some people turn to the gold, but maybe other people will appeal to a solid foundation of real estate, which is still a historically low level of mortgage.”
This story was first displayed Fortune.com
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