How billionaire Warren Buffett made a killing over the decades with 1 simple real estate investing strategy
In a Thanksgiving letter to Berkshire Hathaway shareholders — his last before he steps down as CEO at the end of this year — legendary investor Warren Buffett notes that he bought his “first and only home” in his hometown of Omaha, Neb. in 1958 (1).
Today, Buffett is one of the richest people in the world, with a current net worth of about $154 billion, according to Forbes’ World Billionaires List (2).
Despite his multi-billionaire status, Buffett is known for being frugal — hence, living in the same house since 1958. But it’s also a reflection of his buy-and-hold investment strategy, which is how he built his massive fortune.
When he bought his house in 1958, it cost him $31,500 (3). It’s now…
