How billionaire Warren Buffett made a killing over the decades with 1 simple real estate investing strategy

Core Insights - Warren Buffett, the CEO of Berkshire Hathaway, reflects on his investment journey in his final letter to shareholders before stepping down, highlighting his long-term buy-and-hold strategy and his modest lifestyle despite his wealth [1][2] - Buffett's first home, purchased in 1958 for $31,500, is now valued at approximately $1.5 million, representing a nearly 4,700% return on investment [2][4] - Buffett considers home buying generally a poor investment due to associated costs but values his home personally, ranking it as one of his best investments [3][4] Investment Strategy - Buffett's investment philosophy contrasts with that of other billionaires like Jeff Bezos, who has a diversified real estate portfolio worth over $700 million, indicating a different approach to wealth management and risk mitigation [5][6] - The significant return on Buffett's home investment, while impressive, is minor compared to the overall returns from his investment portfolio, showcasing the effectiveness of his broader investment strategy [4][6]