Warren Buffett: Commodities Bet
on Friday, May 22, 2020Warren Buffett Money Quote saying that commodities require an increase in value over time to be profitable, whereas other investments produce ongoing income. Warren Buffett said:
“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you… it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time” — Warren Buffett
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