In this episode, we explore the concept of pricing power and its significance in combating inflation, with a focus on industry giants like Apple and Coca-Cola. We discuss how Apple leverages its immense value, likening its product worth to that of a car, allowing for incremental price increases without losing consumer demand. Similarly, Coca-Cola's ability to raise prices by just one cent per can translates to substantial revenue, given the billions of cans consumed daily. The episode also highlights Warren Buffett's strategic positioning in his portfolio to hedge against inflation, including investments in bonds and oil stocks, alongside his long-standing stake in Coca-Cola. Join us as we delve into how these companies maintain their competitive edge and adapt to economic challenges.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:01:35] Pricing power during inflation.

[00:03:33] Skills are inflation proof.

[00:06:33] Investing in yourself as a hedge.

[00:10:29] Value of tangible assets.