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You Are the Strongest Protection Against Inflation
By Stocks N Savings  •  May 7, 2022
The Oracle of Omaha, Warren Buffett is renowned for providing plenty of good advice in his Berkshire Hathaway Shareholder Letter, as well as during the five-hour long Berkshire Hathaway Annual Shareholders Meeting (AGM). While I do not follow the meeting live due to the time zone difference, I would read the summaries published by newswires the next morning. During this year's AGM on April 30, Buffett spoke at length about inflation, which is the primary concern of U.S. investors right now. In particular, he talked about how to attain the strongest protection against inflation. Buffett said (and I quote from the CNBC article [here]): “The best thing you can do is to be exceptionally good at something... [people] are going to give you some of what they produce in exchange for what you deliver.” “Whatever abilities you have can’t be taken away from you. They can’t actually be inflated away from you.”...
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By Stocks N Savings
SS is a wage slave in his early forties. He works in the information technology industry. (Technically, his employer has been operating a cloud-based Software as a Service (SaaS) platform long before the world has heard about the Internet.)
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