Investor letter, October 2021
the third quarter of 2021
Read the original letter
Grounded extraction
Companies discussed
Bank OZK
Unclear
OZK
The author cites George Gleason at Bank OZK as one of the outstanding business leaders qualified to assess and act on the effects of inflation on their businesses.
“George Gleason at Bank OZK, Warren Buffett at Berkshire Hathaway, or Jay Adair at Copart are far more qualified to assess and act on the effects of inflation on their businesses than any lofty pontifical judgment I might have.”
Bullish
The author states that people need to look after their health, so Johnson & Johnson and Labcorp power on, making them productive assets well-positioned to beat inflation.
“People need to look after their health, so Johnson & Johnson and Labcorp power on.”