Don’t Bet The Farm; Keep Investments Simple, Diversified: Buffett
Berkshire Hathaway chairman Warren Buffett, known for his folksy straightforward communication style, turned to farming to recommend his winning strategy for investors to follow. He had bought the farm because he could weigh how much the property would yield in corn and soybeans against its operating costs – and not to speculate on the value of the land or to sell it as soon as prices rose. “Now, 28 years later, the farm has tripled its earnings and is worth five times or more what I paid,” Buffett wrote in his annual letter to shareholders, adding that he has visited the property only twice.
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