Trump (Head of USA) = Elon (Head of TSLA) = 50% hated = Always Winners no matter what they do personally !!
Wait… trump isn’t in the same league as Elon. He’s net worth is way lower and will get impeached in due time…
Ha ha ha, here too both are in the same boat.
Trump => Impeachment == Elon => SEC/DOJ removing CEO position
Only difference: impeach trump will save the world. Remove Elon will harm the world
I am now looking for a 1-story SFH in Atherton 5Br 6.5Bth 5000 square footage 1 acre lot.
that would marginally qualify as a starter home for a HNWI like yourself…
Is it not too small for you?
Such an expensive property seems to be a big drain on your resources…
@hanera is a UHNWI. I showed the math a couple of months ago. He has dropped enough crumbs to place him there
What kind of math? Show again please.
too lazy to do it again. sum his properties in Cupertino, Singapore, Austin as well as his stocks
I remember that exchange
Everyone is a genius investor in hindsight.
Uncle Warren bought this property in the 1970’s for $150,000. It sold after the listing price was cut by 1/3rd. I still say there’s a $1m price premium for being “celebrity owned”.
Billionaire Warren Buffett sells Laguna Beach home for $7.47 million – Orange County Register
I asked the question to another forum - what would it look like had Uncle Warren invested $150k in Berkshire Hathaway back in 1971? What would that $150k be worth today? Another contributor said $550m, and I can’t verify the math. Assuming it’s true, methinks stocks in the long run out appreciate real estate, providing you buy into the right company.
Thoughts?
Your friend is right, the amount he indicated may be right or even more.
Warren’s rate of growth was 29% YOY (not recent years), that is the max I heard.
Stocks always out run real estate when full cash involved.
It is up to the Investor how much he gets ROI.
For him, instead of real estate, he would have gone to BRK.B holding.
Even for common people, stocks are always better than real estate. When fixed mortgage is involved real estate outsmart stock in short run.
I asked the question to another forum - what would it look like had Uncle Warren invested $150k in Berkshire Hathaway back in 1971? What would that $150k be worth today?
(1.25 to the power of 2018-1971) 150k, get $5.38 T
If 20% p.a. then is $790M.
If 15% p.a. then is $107M.
What is the annualized return of BRK?
Annualized return worked out to be 19% over 47 years
Um… I wasn’t even born in the early 70s. No woulda coulda shoulda here…
Annualized return worked out to be 19% over 47 years
Tell us which stock will have that performance in the next 50 years.
I am under the assumption that if warren did real estate like he did businesses, he’d still succeed. the argument is very moot here.