Warren Buffett: Buy Farm for Years
on Monday, March 22, 2021Warren Buffett Money Quote saying short-term thinking doesn’t lead anyone to invest in long-term assets. Warren Buffett said:
“Nobody buys a farm based on whether they think it’s going to rain next year. They buy it because they think it’s a good investment over 10 or 20 years” — Warren Buffett
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Warren Buffett is saying that when people invest in farms, they don’t do it based on whether they think it will rain the following year and help crop yields. Instead, they buy farms as a long-term investment because over many years, farms tend to appreciate in value or generate income from crops/livestock.
His point is that people shouldn’t take a short-term view when investing, but rather consider an investment’s potential over 10-20 years or more. By owning a farm for its long-term value, short-term weather fluctuations won’t sway the investor’s view of whether it was a good investment.