Warren Buffett on Inflation

For the latest Warren Buffett, go to WarrenBuffettNews.com – One person who is doing a lot of philanthropy in India talked a lot about his corporate responsibility. But what is needed is more people with a sense of personal responsibility in their philanthropic giving rather than a corporate responsibility. A young boy put out 2000 books that contained half of his net worth, and he wanted to give it to the Bill and Melinda Gates Foundation. You really can’t predict all of the things happening out there. Buffett wants to purchase great businesses that he understands, and India is one of the top 5 places in the world to potentially find such businesses. He has been making a lot of contacts in India, and he is hoping that a good opportunity will come from that. As Keynes said 100 years ago, inflation is a hidden tax on people that only one in a million understand. It is particularly a tax on people who have faith in the integrity of their government. The best protection from inflation is to invest in yourself and in your own talent. No one can tax that or take it away from you. All of Buffett’s family will be in the top quarter of 1% of everyone in humanity. He originally wanted to leave his children with enough money so that they could do anything, but not enough money so that they could do nothing, however he has backed off of that a bit in recent years.

One Response to “Warren Buffett on Inflation”

  1. DVDBeaver says:

    misleading title…

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