Counterpoint: Charlie munger once asked why they never did real estate: "Too easy to understand. Hard to compete with Chinese, Jews, and Indians all of which have a predilection towards the asset class" (paraphrasing)
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Also Charlie made his first money in RE. Do what they do, not what they say
Yeah, but AFAIK, that was really the only time he did RE and then, I believe, he only got involved in RE investments because, as a lawyer who did many RE deals, that is what was in his area of competence.
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There’s another universe where he basically turns into Rick Caruso, maybe ends up wealthier actually
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