How do Musk and Buffett Invest During High Inflation Period?
What Musk says on how to invest during a high inflation period: The second half of his tweet lines up with investing advice Buffett, CEO of Berkshire Hathaway, hasgiven in the past. Back in 2009, at the tail end of the Great Recession, Buffett said at Berkshire Hathaway’sannual shareholder’s meeting that one of the best ways to protect against inflation is to own a part of “a wonderful business.”
That’s because no matter what happens with the value of the dollar, the business’ product will still be in demand.
The higher the inflation rate, the more quickly cash loses value. Investments, on the other hand, generally grow over time. That’s why during periods of high inflation, Musk and Buffett both recommend investing in strong companies whose stocks are likely to stay consistent.
$Tesla Motors(TSLA)$ $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$
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- EvanHolt·2022-03-16But the period of high inflation is coming to an end.LikeReport
- fluffik·2022-03-16Yes, I think it can also be understood as buying stocks of excellent companies.LikeReport
- skyel·2022-03-17Hope he buy more crypto1Report
- Ajay29·2022-03-17Nice article thanks for sharing 🙏LikeReport
- LouisLowell·2022-03-16Musk really likes cryptocurrencies.LikeReport
- Gagnant10·2022-03-18thx1Report