Read my lipstick, beauty is equity: What Warren Buffett’s investment in a beauty company foretells about the economy

Warren Buffett's recent purchase of Ulta Beauty Inc. shares has sparked concerns of a possible US recession. This aligns with the 'lipstick theory,' which suggests increased cosmetic sales during downturns. As high interest rates and rising unemployment plague the economy, Buffett's cautious investment choices may signal a strategic preparation for tougher times.