Warren Buffett: Why Real Estate is a Lousy Investment

Warren Buffett and Charlie Munger talk about why real estate is a “lousy” invest for Berkshire Hathaway. Buffett and Munger lead Berkshire Hathaway, a conglomerate with ownership in BNSF rail road, Apple, American Express, Coca-Cola, GEICO, and many more. This clip is from the 2002 Berkshire Hathaway Annual Shareholders Meeting.