Buffett’s bet: over decades, productive assets beat shiny speculation. Own businesses and “farms” that produce cashflows, not gold that just sits and hopes.
A decade ago I acquired a decent parcel of some 30 acres of land. I took partners for acquiring it at around Rs 1Cr per acre.
We are now disposing it off at around Rs 10crs per acre. The speculation paid me. That land parcel did not produce a gram of grain. Forget Buffett- what would you say?
A decade ago I acquired a decent parcel of some 30 acres of land. I took partners for acquiring it at around Rs 1Cr per acre.
We are now disposing it off at around Rs 10crs per acre. The speculation paid me. That land parcel did not produce a gram of grain. Forget Buffett- what would you say?
I’d say you did well! Let me know when you have another such 10x deal on the cards.