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Fortune

Jason Ma

Buffett explains why he prefers to invest in stocks instead of real estate

Warren Buffett Charlie Munger Donald Trump Berkshire Berkshire Hathaway United States

(Credit: Scott Eells—Bloomberg/Getty Images)

Berkshire Hathaway CEO Warren Buffett was asked at the company’s annual shareholder meeting on Saturday about investing in real estate, which he has largely avoided. He has preferred buying and selling stocks for Berkshire’s portfolio, saying real estate deals can get tricky and bogged down in negotiations.

Investing legend Warren Buffett, who plans to step down later this year as Berkshire Hathaway CEO, is well known for his wizardry in stocks, but not real estate.

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