When inflation is high, Warren Buffett says the best thing you can do is

“The best thing you can do is to be exceptionally good at something,” the 91-year-old said Saturday. Mentioning professions like doctors and lawyers as examples, Buffett said that ”[people] are going to give you some of what they produce in exchange for what you deliver.”

Buffett added that skills, unlike currency, are inflation-proof. If you have a skill that is in demand, it will remain in demand no matter what the dollar is worth.

“Whatever abilities you have can’t be taken away from you. They can’t actually be inflated away from you,” he said. “The best investment by far is anything that develops yourself, and it’s not taxed at all.”

This piece of advice can both be reassuring and scary at the same time. I suppose trading is one way to invest in yourself…

1 Like

I thought you were going to say “get a third job” :joy:

LOL. Funny but true and sad! :joy: