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Warren Buffett’s Real Estate vs. Stocks Strategy & Thoughts on Bitcoin · Earn Your Leisure

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  Speaker 3: Lauren Buffett also said that.
• 1:55
  Speaker 4: Stocks is a better investment over the course of time
• 1:58
  Speaker 4: than real estate, at least for having said here, yeah
• 2:01
  Speaker 4: to understand and Warren Buffett, I mean the only thing
• 2:05
  Speaker 4: we can go by his public record, and public record
• 2:07
  Speaker 4: says that he owns one house, the house in Omaha, Nebraska.
• 2:10
  Speaker 4: He had He had a vacation property in Laguna Beach,
• 2:13
  Speaker 4: which he sold. He brought the property for one hundred
• 2:16
  Speaker 4: and seventy five thousand dollars and sold it for like
• 2:17
  Speaker 4: seven million.
• 2:18
  Speaker 3: Dollars years ago. But he only on paper. He says
• 2:22
  Speaker 3: he owns one home.
• 2:24
  Speaker 5: He did your player.
• 2:29
  Speaker 3: What we do, but.
• 2:35
  Speaker 4: Farmland owns four hundred acres of farm land. Stuff like that.
• 2:37
  Speaker 4: But long story short, he said that he understands stocks better.
• 2:47
  Speaker 4: It's it's easier. It's a lot easier, he said. Charlie
• 2:50
  Speaker 4: liked real estate a lot more than he. So what
• 2:54
  Speaker 4: do you think about Warren Buffet pretty much saying that
• 2:57
  Speaker 4: he prefers stocks over real estate. Like I said, I mean,
• 3:00
  Speaker 4: it would assume if you look at his personal life,
• 3:04
  Speaker 4: that's consistent with what he's actually saying.
• 3:07
  Speaker 5: There's two sets of information.
• 3:09
  Speaker 6: I've always said this the information that you give to
• 3:11
  Speaker 6: the public to give the right answer or answer that's
• 3:14
  Speaker 6: easy to understand. And then it's the information when you
• 3:17
  Speaker 6: talk to your peers or you're in a mastermindset homework assignment,
• 3:21
  Speaker 6: go google how many units or doors this Berkshire hat
• 3:25
  Speaker 6: the way on. That's the other trick, Like I don't
• 3:28
  Speaker 6: personally own the thing, but I may have it in
• 3:31
  Speaker 6: a trust or a trust of a ally or a
• 3:35
  Speaker 6: family member.
• 3:36
  Speaker 5: Now are stocks like do they have more data points?
• 3:41
  Speaker 6: He's your buy in, he's your exit liquidity easier to research,
• 3:46
  Speaker 6: hands down, But The answer is always. And this is
• 3:49
  Speaker 6: what I love about Amazon and that example we talked about.
• 3:52
  Speaker 5: The answer is all. It's not one or another.
• 3:55
  Speaker 6: You want to own stocks, real estate, businesses, crypto, water rights,
• 4:00
  Speaker 6: I want to own everything.
• 4:02
  Speaker 5: The day of I'm just going to.
• 4:05
  Speaker 6: Be a linear investor and one thing that's over with,
• 4:08
  Speaker 6: because then you're not going to see the missed opportunity
• 4:11
  Speaker 6: in something that is huge elsewhere. And Blackrock doesn't do that.
• 4:15
  Speaker 6: Blackrock has ETFs and then bitcoin got popular.
• 4:19
  Speaker 5: They said, let me get that too. So is it
• 4:22
  Speaker 5: easier to invest in?
• 4:23
  Speaker 6: For sure? Are the returns higher? I know some of
• 4:26
  Speaker 6: y'all want to do is stock versus real estate debate?
• 4:28
  Speaker 6: I'm not gonna do it. I love y'all because you
• 4:29
  Speaker 6: have my friends and I want to obliterate y'all. But
• 4:32
  Speaker 6: the answer to me is always to.
• 4:34
  Speaker 5: Invest in both. All y'all like my politically correct.
• 4:42
  Speaker 2: Answer, Yeah both, I'm both.
• 4:46
  Speaker 6: Yeah, And if you come to invest Fest, you will
• 4:48
  Speaker 6: be able to hear how to invest in real estate,
• 4:50
  Speaker 6: crypto stocks trade and they haven't announced the line up yet,
• 4:55
  Speaker 6: but you know, there may be some other assets out
• 4:57
  Speaker 6: there that you guys can invest in yourself and go
• 5:00
  Speaker 6: to invest.
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  Speaker 3: Vest investing yourself. That's the biggest investment you ever made.
• 5:04
  Speaker 5: Yep.
• 5:07
  Speaker 4: Okay, well you think that berkshat halfway will jump into bitcoin?
• 5:11
  Speaker 4: Now that won't he retired?
• 5:12
  Speaker 5: Hello, now this I would think.
• 5:15
  Speaker 6: Okay, if I'm replacing Buffett, which is a lesson in
• 5:20
  Speaker 6: certain shoes, you shouldn't feel.
• 5:21
  Speaker 5: But how do you turn down that job?
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  Speaker 6: I think at some point he has to at least
• 5:28
  Speaker 6: look if he wants to get a incredible return.
• 5:31
  Speaker 5: No matter what he does, he'll never be worn.
• 5:33
  Speaker 6: But what can you do to have an impact as
• 5:35
  Speaker 6: the person who succeeded Warren? An alternative asset with a
• 5:40
  Speaker 6: higher return. Just imagine if they were to invest in
• 5:43
  Speaker 6: when it was at twenty thousand.
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  Speaker 5: M.
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  Speaker 6: So if I were him, I would definitely be looking
• 5:51
  Speaker 6: at an asset class to investing that can give me
• 5:54
  Speaker 6: a higher return over a longer period of time, for sure,
• 5:57
  Speaker 6: and bitcoin looks like the best investment vehicle for them
• 6:00
  Speaker 6: to do.
• 6:01
  Speaker 1: So yeah, they So they're not invested in bitcoin, but
• 6:05
  Speaker 1: they're like bitcoin adjacent adjacent yep.
• 6:07
  Speaker 2: Yeah, So they invested.
• 6:08
  Speaker 1: In New Holdings, which is a Brazilian digital bank that
• 6:11
  Speaker 1: offers cryptocurrency, and then they whole shares in Jeffrey's Financial Group,
• 6:15
  Speaker 1: which has exposure to bitcoin's ETFs like Blackrock as you
• 6:19
  Speaker 1: just mentioned before, so they're adjacent.
• 6:23
  Speaker 2: But grey Abel is. Yeah, he's a successor.
• 6:26
  Speaker 1: Based on everything he's done in his career thus far,
• 6:29
  Speaker 1: he's kind of leaned toward the side of being what
• 6:31
  Speaker 1: we spoke about last week, a cautious, a very cautious investment.
• 6:37
  Speaker 2: So that's been his approach. Can that change, We'll see.
• 6:39
  Speaker 1: I mean he's not He's not in that frame of
• 6:45
  Speaker 1: ninety years old. I'm sticking to my plan and this
• 6:48
  Speaker 1: or he could you know, be like I've learned from
• 6:50
  Speaker 1: this guy, and you know, I'm going to continue his
• 6:52
  Speaker 1: legacy down the approach of conservative investment because we've seen
• 6:56
  Speaker 1: him pay off to the treasures tress of three hundred
• 6:58
  Speaker 1: and forty seven billion, So yeah, it will.
• 7:01
  Speaker 2: It'll be interesting to see how it plays out.
• 7:02
  Speaker 6: One percent exposure for them, and that fund over a
• 7:06
  Speaker 6: five or six year period could get them a seven
• 7:08
  Speaker 6: eight hundred percent return hypothetically if they get it. If
• 7:12
  Speaker 6: nothing else, I know what's done a great job of
• 7:14
  Speaker 6: acting like he doesn't know how to trade his price,
• 7:18
  Speaker 6: Like if you just go homework assignment. Go map out
• 7:20
  Speaker 6: like his top ten investments and see when he got in.
• 7:23
  Speaker 6: They're usually close to the bottom of the market. So
• 7:27
  Speaker 6: if anything he's learned him, he's taught him how to
• 7:29
  Speaker 6: do price discovery really well. If they get in bitcoin
• 7:33
  Speaker 6: at the right price. Like even if let's say, if
• 7:35
  Speaker 6: it fell to sixty one thousand or sixty two thousand,
• 7:38
  Speaker 6: which I don't think it will, but if.
• 7:39
  Speaker 5: It did, how do you argue to not buy it
• 7:43
  Speaker 5: at that price.
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  Speaker 2: You gonna have some exposure at that price.
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  Speaker 3: You gotta have some You gotta have some exposure at
• 7:51
  Speaker 3: any price.
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  Speaker 4: We said, if you if bigcoin goes in eighty thousand,
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  Speaker 4: you gotta like it. If it's in seventy thousand, you
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  Speaker 4: gotta like it. Like if you believe in bitcoin, you
• 7:59
  Speaker 4: have to have exposure at any at any price.
• 8:02
  Speaker 1: Yeah, that's the part, is the belief, right, If one's
• 8:08
  Speaker 1: stance has been that it's rat poison.
• 8:10
  Speaker 3: You don't got to have exposure on any price. Then
• 8:12
  Speaker 3: either you got to have exposure.
• 8:14
  Speaker 4: You got to have exposure at any price, or you
• 8:16
  Speaker 4: don't have to have exposure at any price, because if
• 8:18
  Speaker 4: you don't believe in it, if it's at ten thousand dollars,
• 8:20
  Speaker 4: you're not gonna buy it.
• 8:21
  Speaker 1: And that's what I'm saying, right, It's it's more than
• 8:23
  Speaker 1: just the prices, the actual belief.
• 8:26
  Speaker 2: Right. If the CEO is saying, yo, it's rat poison,
• 8:28
  Speaker 2: we're not touching it.
• 8:29
  Speaker 3: Well, Jamie Dimond said that it was a scam also,
• 8:32
  Speaker 3: and they.
• 8:32
  Speaker 5: Were buying that shit like crazy in England.
• 8:34
  Speaker 1: And he's still a CEO. There hasn't been a successor.
• 8:38
  Speaker 1: He's passing it down. So let's see what the successor does.
• 8:41
  Speaker 1: It's his stance rat poison.
• 8:43
  Speaker 2: We don't know yet.
• 8:44
  Speaker 6: And if even if you're not pro bitcoin, you can't
• 8:48
  Speaker 6: not see that the value of the dollar is dying.
• 8:51
  Speaker 6: It's a paratrade. You would have to be long bitcoin
• 8:54
  Speaker 6: versus short the dollar.
• 8:57
  Speaker 3: That's a fact.
• 8:58
  Speaker 5: Well, it's just math.
• 9:01
  Speaker 4: We will see. We will monitor the situation. But yeah,
• 9:04
  Speaker 4: people tell you things all the time that's not actually true.
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