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What do you do when inflation is high? Warren Buffett has advice – not necessarily for investors

What do you do when inflation is high?  Warren Buffett has advice - not necessarily for investors

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Are we facing interest rates above 6%? ask an expert

economic inflation Poles hit painfully (let’s mention it The preliminary reading for April is 12.3 percent. on an annual basis) but high growth rates the prices People in many other countries, including the United States, feel. There are consumer prices in Walks (This is the most recent data available) at 8.5 percent. Year after year – the best for 40 years. No wonder, then, that this is one of the main topics of public conversations and speeches, and not just of politicians.

“We’re dealing with forked around.” Inflation will be a big problem

Warren Buffett on inflation. He has tips on investing. Not only for investors

Inflation was discussed Saturday by 91-year-old Warren Buffett, a well-known American investor and founder and president of Berkshire Hathaway Inc. It is the largest listed company in the United States outside the technology industry, and it invests in various companies. Berkshire’s acquisitions or sale of shares are closely followed by many of the listed players, as is the annual Berkshire board of directors meeting with its shareholders.

Such a meeting was held last Saturday for the first time live since 2019. And there was the topic of inflation around it. – economic inflation Buffett said he deceives a bond investor, deceives the person who keeps the money under the mattress, and deceives nearly everyone else.

He admitted that price hikes are also affecting his company in an “unprecedented” way – moreover, the increase in costs was evident in Berkshire Hathaway’s quarterly results report.

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Someone present at the meeting in Omaha (Berkshire is based there, Buffett is sometimes referred to as the “Omaha Oracle”) asked what to invest in during times of soaring prices for nearly all goods and services. Buffett offered tips that could be useful to anyone, not just those looking to double their money by investing in assets like stocks and bonds.

More news about the economy on the main page Gazeta.pl >>>

“The best thing you can do is be very good at something,” he said. – If you’re the best doctor in town, if you’re the best lawyer in town, if you’re the best at anything… [ludzie] Buffett said they’ll give you a portion of what they produce in exchange for what you provide, adding that “any skills you possess cannot be taken from you.”

President of the National Bank of Poland Adam GlapinskiHigh inflation since 1998 “double-digit rates are no longer theoretical”

– So far the best investment is everything that develops you and that [taka inwestycja – red.] He added in the statement that he quoted that he is not subject to tax at all Yahoo Finance.

Berkshire Hathaway dumped some cash

Regarding investments in the stock market, Buffett revealed that his company has significantly increased its stakes in oil-based Chevron and Activision Blizzard, the maker of video games including Call of Duty. The total value of these shares must exceed 31 billion PLN dollar. Microsoft should get Activision. The latter is looking to pay $95 a share to Activision shareholders, and closed trading at $75.60 at Friday’s close.

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Including purchases of Berkshire stock Spent 51 billion dollars. Buffett has run this investment firm since 1965.

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