Warren Buffett Earned 8.7% Compounded Annual Return on Laguna Beach Home
Warren Buffett earned a compounded annual rate of return of 8.7% on his Laguna Beach home that he recently sold for $7.5 million and purchased for $150,000 in 1971.
Dr. David Kass
PhD, Harvard University
Department of Finance
Robert H. Smith School of Business
University of Maryland
