How Warren Buffett Turned $1M Into $230M During The Previous Inflationary Period
3 types of assets that Buffett leveraged to become one of the richest men on the Earth
Warren, for many years, felt that inflation was his worst enemy. And for the average investor, it is. But there are some cases where inflation can help you as an investor and make you richer.
To fully understand what Warren did, you need to have an idea of what inflation is and how it is caused.
Long ago people traded goods with one another for different products and services: wheat for a pig, salt for firewood… As time went by and the world began to globalize, people realized that this form of exchange was not efficient.