Buying Land Like Warren Buffett - 10 Key Principles to Know

Even with the uncertainty in the market and the slowdown of the economy, the land is still selling, and there are investors out there looking for the right opportunities and waiting to buy it at a profit. So, if you find something that matches what you are looking for, it is a great opportunity. Don’t be scared because other investors are nervous right now. Learn how to see value in a farm that is on the listing that the seller and the listing agent can’t recognize and ways to add value to a farm that is currently not there. Take some advice from one of the best investors of our time and learn how to apply it to your land purchases in the future. Today’s episode, November Special, is power-packed with tips and insights from Warren Buffet's investing rules that you should consider when it comes to buying and selling land. Warren Buffet is one of the world's most successful financial investors and CEO of Berkshire Hathaway. Warren follows investment principles that many investors are now adopting around the globe. His strategy follows several important tenets and investment principles that we will look at in this episode. Tune in! During this episode, you will learn about; [00:01] Episode intro; November Special [09:51] Hunting season; Jake’s experience out there hunting deer all-day [03:54] Ten Warren Buffet land and selling buying quotes [04:56] Be fearful when others are greedy and greedy when others are fearful [06:08] Rule Number one, never lose money; rule number two, never forget rule number one [07:15] If you’re not willing to own stock for 10 years, don’t even think of owning it for 10 minutes [08:33] Price is what you pay; value is what you get [09:38] Risk comes from not knowing what you’re doing [10:24] No matter how great the talent or efforts, some things just take time. [11:20] Act slowly and decisively and let your money continually compound [12:24] The most important investment you can make is in yourself. [14:29] Episode wrap-up and call to action Notable Quotes A 50% loss requires a 100% gain to get even; a 75% loss requires a 300% gain; focus on gaining, not losing money first. Nobody can predict what a stock can do the next day, week, or month; big money is investing for the long term. Never invest in something you don’t fully understand; keep learning and researching until you understand. Building sustainable wealth takes time, don’t rush the process by taking excess risk. Trading based on emotions is a recipe for disaster, but patience get rewarded. https://linktr.ee/TheLandPodcast https://linktr.ee/exodustrailcamera https://bit.ly/TheDeerGearPodcast