Warren Buffett says these businesses do the best during periods of high inflation (via CNBCMakeIt)
, inflation has become virtually impossible to avoid. But when it comes to investing, Berkshire Hathaway CEO Warren Buffett says there are some businesses that are more likely to succeed than others., Buffett was asked which of his company's holdings were best poised to thrive during a period of high inflation. Buffett's response: The best business to own is one that doesn't require continuous reinvestment because it becomes more and more expensive as the value of a dollar drops.
Businesses like utilities or railroads "keep eating up more and more money" and aren't as profitable, he explained. He prefers to own companies that people have a connection to. Buffett also said that it's particularly handy to own real estate during times of inflation because the purchase is a "one-time outlay" for the investor, and has the added benefit of being able to be resold.
Still, the best course of action for most investors is not to pick single stocks that they believe will perform well, but to instead invest in low-cost index funds, which are far less risky.
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