Personal Finance and Investing

LuvLoogie

(7,599 posts)

8. I think Buffet answered an investment question

Reply to mahatmakanejeeves (Original post)

Mon May 2, 2022, 10:42 AM

May 2022

to a shareholder. It's a good answer.

This was true before Warren Buffet. The forces driving inflation are out of any individual's control. Even if the world could agree on a sustainable economy that takes care of everyone's needs, the natural world will inflict shortages of needed things.

He's just saying do what you can to prepare yourself so that you are less susceptible to the forces of greed, waste, and resource depletion--to a shareholder.

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Warren Buffett's advice for beating inflation: 'Be exceptionally good at something' [View all] mahatmakanejeeves May 2022 OP

Well jeez... Omnipresent May 2022 #1

Huh? NJCher May 2022 #4

I am exceptionally good at being mediocre. Does that help? Ocelot II May 2022 #2

"We can't have all Brandeises, Frankfurters and Cardozos." mahatmakanejeeves May 2022 #9

68% of the population is average. Irish_Dem May 2022 #3

See my second para NJCher May 2022 #5

I agree, but most cannot come up with some unusual that will enrich themselves. Irish_Dem May 2022 #10

Exactly! Omnipresent May 2022 #7

Like all aphorisms, there's some truth there. If one expects to do better than average - COLA raise Hoyt May 2022 #6

I think Buffet answered an investment question LuvLoogie May 2022 #8

if one takes meaning from it NJCher May 2022 #12

Buffett is being elitist. And putting down the average person. Irish_Dem May 2022 #11

Scott Galloway has an essay on being "unremarkable". . . DinahMoeHum May 2022 #13