Consumer prices have risen sharply in the past few months.
It has left markets worried about increased volatility and looming recession.
However, legendary investor Warren Buffett has increased his stake in some stocks during these times.
Inflation has stormed higher across the world in the past few months. In the US, the inflation rate has hit a record high of 9.1% as of June 2022. Similarly, the Australian consumer price inflation rose to a 21-year high last quarter, while the annual inflation rate jumped to 6.1% from 5.1%. Not only investors are worried of rising inflation, but also looming recession.
However, there is one investor who has successfully survived many such challenging scenarios in the past. Nothing has stopped this legendary investor from parking his company’s cash into various stocks even during hard times.