Lost in the hoopla over Berkshire Hathaway chairman and CEO Warren Buffett’s latest annual shareholder letter this past weekend was an implicit warning to the finance executives and managers who run corporate America: Now is the time to be investing profits in the business, while inflation is low.

Source: CNBC

It may not have the glamour of speculating about the Oracle of Omaha’s next big deals, or even his thoughts about adding more diversity to corporate boards, but Buffett led off his annual letter with a lesson aimed at his fellow titans —explaining why conventional wisdom about retrenchment during periods of low inflation (often accompanied by tepid economic growth) is wrong.

If the lesson from Buffett was new, lik...

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