Many have noticed energy, fuel, food & home building prices all going to the moon. This is a tough Genie to place back in the bottle. Next comes Wage inflation and eventually a massive recession/depression as demand gets wiped out by pricing. Many of you are broke Diks who never met a betting line or lady with borderline personality disorder you didn’t like, but there are many sage investors who discuss how to combat and survive inflation so pay attention. The single greatest advise I saw and read was during the recent share holder meeting of Berkshire-Hathaway.
to paraphrase....” the best way to protect yourself against inflation is increasing your earning power through Maximizing your talents....this is the single most underutilized skill keeping humans back, not maximizing their talent, if you are a chef, be the best dam chef you can, whether you are a brain surgeon or Sbr degen moderator, being the best will increase your earning power...the other way to combat inflation is by investing in valuable assets with tremendous free cash flow, no debt and minimal operating costs...”
that’s it, might be the single most important thing will hear this year...carry on.