The inflation rate has been north of seven % for the first time since 19 82. Daphne from new york city asked, what is the one stock that we should bet on with this mysterious inflation a future that we have? And they laughed and told her that they were very glad that she had been attending the meeting and that she had very bright prospects in her life. They didn't even answer the question at all. Didn't even talk about the stock. What what you should do is go develop a skill, a profession that you can make money at, regardless of inflation. Well, which ye, that's your best bet against it. It's a nice answer.
Warren Buffett and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including inflation.
While there was no massive new idea presented at the meeting, it served as a fantastic reminder of the great financial advice Buffett and Munger have been talking about for years.
This week, Phil and Danielle continue their conversation from last week recapping their takeaways and learnings from the meeting, and explaining how you can use those takeaways in order to succeed with your investments.
Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V
Topics discussed in this podcast:
- Annual Berkshire Hathaway Shareholder meeting
- Market timing
- Bonds vs the S&P 500
- Inflation
- American Express
Resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com
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