419- $100 Bills: Berkshire Meeting part 3
InvestED: The Rule #1 Investing Podcast
00:00
The Importance of Cash in the Economy
Buffett: With a massive amount of inflation, cash becomes less valuable. Therefore the same cash is trash. And his proof is that people are hoarding a tremendous amount of cash. I think he thinks that inflation at the rate it's going now will not overcome the buying power of the dollar when things crash. So in other words, since you don't have certainty about when the market's going to go down, your best choice is to put money in Treasuries.
Transcript
Play full episode
