I am part of Warren Buffett’s firm as of January 28th, 2014 – Bershire Hathaway HomesServices Florida Properties Group. So it was nice to come across this article with a quote from Warren Buffet. Thanks, Warren!
Feb 26, 2014
Real estate investments Warren Buffett made in a Nebraska farm in 1986 and a New York City retail space in 1993 taught him some general truths about investing, he revealed in his annual note to shareholders. Those investments convinced Buffett — whose flagship firm rolled out the Berkshire Hathaway HomeServices brand last year — that taking a long view in real estate investing pays dividends and that downturns can provide lucrative opportunities. “A climate of fear is your friend when investing; a euphoric world is your enemy,” Buffett wrote.
Source: CNN Money – See more at: http://www.inman.com/wire/warren-buffett-on-real-estate-investing-a-climate-of-fear-is-your-friend/#sthash.I09EyOTQ.dpuf