Warren Buffett’s Folksy Sex-Joke Writing Hideaway Sold

It’s unclear if the house’s history had anything to do with the steep discount needed to sell it.
Getty Images

Getty Images

Warren Buffett once said, “It’s only when the tide goes out that you discover who’s been swimming naked.” For more than 40 years, he’s been doing from a relatively modest house in Laguna Beach, Calif. It’s also where he once routinely spent his Christmas vacations crafting the randy bits of wisdom that we all know and love in his annual letters to Berkshire Hathaway investors. And now, a lucky new couple gets to think about what else he may have been doing in that house to inspire those missives.

Billionaire investor Warren Buffett has sold his California beach house for roughly $7.5 million, or 32% less than its original asking price, according to a spokeswoman for the listing agent….

“I feel very good about the couple who bought the house and hope their family gets as much enjoyment from it as our family did,” Mr. Buffett said in a statement.

Well, maybe not quite as much enjoyment.

Warren Buffett Finally Sells Beach House After Big Price Cut [WSJ]