This Long-Term Buffett Stock Has Held Up Despite Inflationary Pressures
Inflation has been hot for over a year and has wreaked havoc on markets, and the Federal Reserve is raising interest rates at the fastest pace in years to fight it off. As the CEO of Berkshire Hathaway for 57 years, Buffett has delivered returns of 20% annually, so investors shouldn't be too surprised that one of his longtime holdings, Globe Life (NYSE: GL), is beating inflation and the market, up 20% on the year. Globe Life sells life and supplemental insurance covering cancer, intensive care, and supplemental Medicare.