Dean GraziosiCofounder @ Mastermind & AI Advantage | Serial Entrepreneur

Take Warren Buffet's Advice 💭 for Inflation & Recession

24 Jul 2022 · 1 min

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Dean Graziosi relays Warren Buffett's two primary recommendations for coping with inflation and recession: (1) invest in yourself by improving skills and becoming exceptional at your work so you'll retain demand regardless of currency changes, and (2) join or build businesses with higher profit margins and minimal supply-chain-dependent costs. Graziosi emphasizes self-education and sharing information as resilient strategies.

Chapters

The two best ways to fight inflation, A recession, the value of the dollar shrinking according to Warren Buffett. Number one, he said, invest in yourself, get better at what you're good at. He said no matter what happens to the dollar, if we use Reichmarks or we use seashells, when you're the best at what you do, people will still come to you and you will get a piece of the economic pie. Number two, he said be a part of a business with higher margins that you don't have supply chain issues, that what you sell doesn't cost so much money, that the margins are little. If I think of both of those, they point to self education. Learn from somebody who's already been there. Go deeper on your profession. Get amazing in what you're already good at. Secondly, information, one of the most priceless commodities in the world, doesn't cost anything. You just have to unlock it. You have to share it and have a desire to impact others. Crazy times are coming, but we can be prepared.