What does Buffett imply?
Munger recounted that a friend of his sold a modest home with an ocean view for $27 million.
Buffett quipped, “For $27 million, I’d rather stare at my bathtub.”
It's not completely clear without more context, but I think he's saying that it would be better not to buy the home. He believes 27 million dollars is too much to pay for an ocean view.
November 5, 2018
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