Warren Buffett’s Timeless Advice to Shield Your Money From Inflation

Buffett calls self-development “the best investment by far” because skills can’t be taxed or “inflated away.”

by Adam Hayes
Investopedia

Inflation?may ebb and flow, but Warren Buffett’s two lessons for fighting it are timeless.

1. Become so good at what you do that people will pay a premium for your skills.

2. Own stock in businesses that don’t need constant infusions of cash to keep profits growing.

[…] Invest in Yourself: The Ultimate Inflation-Proof Asset

Buffett, the CEO of Berkshire Hathaway (BRK.A; BRK.B), ranks “human capital” above any ticker symbol. “The best thing you can do is to be exceptionally good at something,” he told shareholders in 2022. “Whatever abilities you have can’t be taken away from you. They can’t actually be inflated away from you.”1

Wage growth for scarce, highly skilled, high-quality expertise typically outruns inflation. A top orthopedic surgeon, cloud-security architect, or even an elite hair stylist can lift fees as costs climb because clients value outcomes more than raw inputs.

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