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Bloomberg news reports that billionaire Warren Buffet said in his annual letter to shareholders that buying his home for $31,500 was the third best investment he ever made. What were the two best investments? He says that the wedding rings for his first and second wife were the best investments.

Always the frugal billionaire, Buffet has lived in the same modest house for 52 years, despite his wealth. Here is why it was such a great investment, in his own words:

For the $31,500 I paid for our house, my family and I gained 52 years of terrific memories with more to come.