Warren Buffett’s buy-and-hold real estate lesson — and why it still matters for Canadian homeowners
In his last letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett reflected on a personal milestone: the home he bought in 1958 and never left (1).
Despite building one of the largest fortunes in history, Buffett has lived in the same modest house for decades. His choice often gets framed as extreme frugality, but it also reflects something deeper — a buy-and-hold mindset that has shaped his entire investing philosophy.
Today, Buffett is one of the richest people in the world, with a current net worth of about US$154 billion, according to Forbes’ World Billionaires List (2).
When Buffett purchased his home in the late 1950s, he paid a little over US$30,000 for it (3)…
