Ackman: Companies With Pricing Power Can Thrive Despite Higher Inflation

Ackman believes inflation will remain higher than in recent years, but businesses with pricing power can still thrive.

He thinks stocks like Alphabet, Universal Music Group, Restaurant Brands, and Hilton have pricing power.

Ackman says these companies have "royalties" on things like web searches, music streaming, dining out, and hotel stays.

He believes their ability to raise prices will allow them to grow revenue faster than costs.

Ackman argues these types of companies can view moderately higher inflation as a "friend" rather than a foe.