Warren Buffett: This asset offers ‘more opportunity’ than real estate, young Charlie Munger would pick it ‘in a second’

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• Stock market offers more opportunity than real estate in the United States

  80% confidence

• For most people, the best investment is owning the S&P 500 index fund

  80% confidence

• Renters sometimes don't pay due to cancer, car wrecks, job loss, or pandemics

  80% confidence

• Real estate trouble often involves dealing with more than equity holders

  80% confidence

• It's a ridiculous assumption that renters are going to make the payments for landlords

  80% confidence

• Would buy 1% of all apartment houses in the country for $25 billion

  80% confidence

• Real estate negotiations take forever and begin when you agree on deals

  80% confidence

• Stock transactions can be done quickly and anonymously at New York Stock Exchange

  80% confidence

• Young Charlie Munger would have chosen stocks over real estate if forced to pick one for life

  80% confidence

• At age 94, getting involved in lengthy real estate negotiations is not interesting

  80% confidence

• Real estate deals are more complex and time-consuming than stock transactions

  80% confidence