Welcome to the RockedBuzz local newsroom! The subject of this news is What does it do when inflation is high? Warren Buffett has advice, not necessarily for investors
here are all the details. We offer you the most up-to-date developments about What does it do when inflation is high? Warren Buffett has advice, not necessarily for investors
. Everything you wonder about What does it do when inflation is high? Warren Buffett has advice, not necessarily for investors
, keep reading in this news and stay tuned! What does it do when inflation is high? Warren Buffett has advice, not necessarily for investors
Watch the video Are we facing interest rates above 6%? We ask an expert
Inflation is hitting Poles hard (remember that the preliminary reading for April is 12.3% year-on-year), but the high rate of price growth is felt by residents of many other countries, including the United States. There, the consumer prices in March (this is the latest available figure) increased by 8.5 percent. year after year – the best for 40 years. It is therefore not surprising that it is one of the main themes of public talks and speeches, not just of politicians.
Warren Buffett on inflation. He has investment advice. Not just for investors
Inflation was discussed on Saturday by Warren Buffett, 91, a well-known American investor, founder and president of Berkshire Hathaway. It is the largest publicly traded company in the United States outside of the technology sector, investing in various companies. Berkshire stock acquisitions or sales are closely followed by many listed players, as is Berkshire’s annual board meeting with its shareholders.
On Saturday, such a meeting was held for the first time live since 2019. And there was the theme of inflation in that regard. “Inflation cheats the bond investor, cheats the person holding the money under the mattress, cheats almost everyone,” Buffett said.
He admitted that the rise in prices is also affecting his company in an “unprecedented” way – the rise in costs was also visible in Berkshire Hathaway’s quarterly results report.
One of the people present at the meeting in Omaha (Berkshire is based there, and Buffett is sometimes referred to as the “Oracle of Omaha”) asked what to invest in in times of rising prices for almost all goods and services. Buffett has provided advice that could be useful to anyone, not just those looking to multiply their money by investing in assets like stocks and bonds.
More news from the economy on the Gazeta.pl home page >>>
“The best thing you can do is be extremely good at something,” he said. – If you are the best doctor in town, if you are the best lawyer in town, if you are the best at anything … [ludzie] they will give you a portion of what they produce in exchange for what you offer, Buffett said, adding that “all the skills you have cannot be taken away from you.”
– So by far the best investment is anything that develops you and that [taka inwestycja – red.] it is not taxed at all – he added in the statement he cited Yahoo Finance.
Berkshire Hathaway got rid of some money
In terms of stock market investments, Buffett revealed that his company has significantly increased stakes in Chevron and Activision Blizzard, a video game maker including Call of Duty. The combined value of these shares is expected to exceed $ 31 billion. Activision will be acquired by Microsoft. The latter is looking to pay Activision’s current shareholders $ 95 per share and the trading closed at $ 75.60 as of Friday’s close.
Including purchases of Berkshire shares spent $ 51 billion. Buffett has been running this investment company since 1965.
Listen to the podcast Computer prices have started to fall. Time to buy a new laptop?
