Buffett's advice for beating inflation: 'Be exceptionally good at something'

Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails against bitcoin, market ‘mania’ at Berkshire meeting

A key inflation gauge jumped 6.6% in March, most since 1982

"The best thing you can do is to be exceptionally good at something. ... Whatever abilities you have can't be taken away from you. They can't actually be inflated away from you. ... So the best investment by far is anything that develops yourself, and it's not taxed at all."

The legendary investor, known as the "Oracle of Omaha," speaking about inflation while at Berkshire Hathaway's closely-followed annual meeting. Buffett says inflation 

 (because it drops the value of a dollar). A recent inflation reading showed the highest inflation in four decades, but consumer spending *also* continues to increase (which pads the impact on the economy). The Federal Reserve meets this week, and is expected to raise borrowing rates to combat inflation. How do you find that 

"You stumble into what you really like doing ..."

Quote of the Day

Warren Buffett

Buffett's advice for beating inflation: 'Be exceptionally good at something'

Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails 

Quick. Concise. Nonpartisan.

Jenna