Comments by "" (@mrpmj00) on "Mohamed El-Erian: Stagflation is the biggest worry out there" video.
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+FAANG stocks (Facebook, Apple, Amazon, Netflix, Microsoft) and Intel, Zoom...
___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW for the recovery.
Warren buffet quotes: It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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Have you noticed that Wall Street Journal, Yahoo, CNBC, CNN and bloomberg hate tech (even though most of us have 401k plans that have big tech) and push crypto crap,
NFT ponzi scheme, and meme/gambling stocks like AMC/gamestop/SPAC, promoting China, and scaring investors by promoting inflation?
For the fools that bought crypto in May 2021, they've lost -50% as of July 2021.
You're wrong about inflation going up. Most people aren't buying new cars. However, most people DO buy gas and that's roughly the same as a year ago, not to
mention that we work from home and saved soo much money by not spending on gas or maintenance, and tons more on not having to pay for daycare costs.
Inflation or no Inflation, who cares. Own high quality companies whose products and services have pricing power, that leads them to have stable growing cash flows.
Price will take care of the rest...
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