Warren Buffett's Thoughts on Card Collecting

[Leon]

I am a follower of Buffet, for sure. I still own more Apple than my other 2 stocks, Amazon and Nvidia. That said, I would say relatively speaking, real estate has been my best investment over the long term. I have stayed in my house for 24 yrs, and it's appreciated a good bit. That's my investing in real estate advice. Buy right and hold forever .... And baseball cards, don't forget the baseball cards!
One last real estate investing tip. Location, Location, Location. .....and yes, you can quote me!

Originally Posted by hcv123

That said, I'd point out that businesses, rental homes and farmland are affected by supply and demand similarly to "speculative assets". If there is suddenly less interest in a product or service a particular business offers, more people leaving a particuar real estate market than moving in, or farmland producing products which people no longer want the value of any of the above will fall - they will be "worth less", not worthless. A notable difference possibly at the root of Buffets thoughts is that what he classifies as "investments" in fact start delivering an income stream from day 1 - though at a point if demand wanes, that income stream could become negative. Leaving the value of the enterprise itself "worth less". The speculative assets rely on an increase in demand and a relatively static supply in order to increase in value and while having no positive income stream also are not at risk of producing a negative one.

[nebboy]

Buffet advise on collectable is not as good as

Buffet AS a collectable. Take the time to look up his autograph on a book, baseball, or any of the many things connected to his yearly share holder meeting.