Charlie Munger warns of inflation, bolsters Apple and Chevron

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Yahoo Finance published this video item, entitled “Charlie Munger warns of inflation, bolsters Apple and Chevron” – below is their description.

#CharlieMunger #Apple #Chevron

Yahoo Finance Editor-in-Chief Andy Serwer details several takeaways from Daily Journal Chairman Charlie Munger’s shareholders’ meeting, including his statements on inflation, the tech sector, and crude oil.

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In This Story: Charlie Munger

Charles Thomas Munger is an American billionaire investor, businessman, and former real estate attorney. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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