Warren Buffett, one of the most successful businessmen in the world, believes that the “extraordinary period” of excessive spending on the back of pandemic stimulus is over, and now many of his businesses are faced with an inventory build-up that they’ll need to get rid of by having sales. He also believes that the general economy will see a decline in earnings this year. Despite this, Berkshire Hathaway is positioned well in terms of its investment income as higher interest rates are earning the conglomerate a substantial return.
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