This is gold - "Buffet was fearful of inflation as anyone. His response was to hunt for stocks, such as newspapers, that would be able to raise rates in step. Similarly, he avoided companies with big capital costs. (In an inflationary world, capital-intensive firms need more dollars to replenish equipment and inventory.)" - From Roger Lowenstein's book on Buffet. (pg 158, chapter 8)
@shankarbalakrishnan23602 ай бұрын
This yr inflation at a range❤❤🎉🎉
@sang3Eta3 жыл бұрын
Did you spot the joke? George C. Parker (March 16, 1860[1] - 1936) was an American con man and prophet best known for his surprisingly successful attempts to "sell" the Brooklyn Bridge.