Warren Buffett on Real Estate Investments

We enjoyed this excerpt written by Warren Buffett on real estate investing. We took away the following lessons:

-“You don’t need to be an expert in order to achieve satisfactory investment returns.”

-“Focus on the future productivity of the asset you are considering.”

-“…I am unable to speculate successfully, and I am skeptical of those who claim sustained success at doing so.”

-“Games are won by players who focus on the playing field — not by those whose eyes are glued to the scoreboard.”

-“Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important.”