Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Alicia Adamczyk

Warren Buffett once said 'a house can be a nightmare if the buyer’s eyes are bigger than his wallet' but thinks his $31,500 investment is one of his best

Warren Buffett (Credit: Alex Wong/Getty Images)

Ask Warren Buffett for investment advice, and you might expect the billionaire CEO to tout his long-held stakes in Coca-Cola or American Express. But according to Buffett, who turns 93 today, his Berkshire Hathaway holdings are less impressive than the personal investments he's made throughout the years.

Among the best: the Omaha house he has famously lived in since 1958, when he and his late wife Susan bought it for $31,500, or around $336,700 in today's dollars. But the housing market has grown in value much faster than the rate of inflation—The home is now worth over $1.4 million, according to Realtor.com, which at roughly 4,300% is a trademark Buffett rate of return.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.