Yacktman Looks to Stocks, Not Gold, for Inflation Protection

Donald Yacktman, whose mutual funds have some of the strongest long-term track records around, says companies with good pricing power can be better inflation hedges than gold. Yacktman tells Bloomberg that he thinks inflation is coming, and businesses like Coca-Cola, Procter & Gamble, and Viacom have the ability to raise prices and are thus very protected from inflation. “I’d rather have Coke than gold,” he says.


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