Here Comes Warren Buffett's 2013 Letter To Shareholders...
Earlier this week, Buffett gave Fortune Magazine an exclusive excerpt from the letter. In it, he discussee two past property investment he had made. The first was a 400-acre farm in Nebraska, which he paid $280,000 for in 1986. The second was retail property near New York University in 1993.
Both investment were made after prices collapsed.
"Income from both the farm and the NYU real estate will probably increase in decades to come," he said. "Though the gains won't be dramatic, the two investments will be solid and satisfactory holdings for my lifetime and, subsequently, for my children and grandchildren."
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