Quote:
Originally Posted by Slava
Yeah, it could. I guess I also feel that rising inflation isn’t all bad for stocks though. Depends on the business and how they’re stricter though.
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Yeah. I think quality, capital light businesses will be fine. Anything with significant reinvestment requirements is hurt by inflation.
Classic piece on this is Buffett's article from Fortune. This is the best copy I could find, but the first couple pages are hard to read.
http://www.tilsonfunds.com/BuffettInflationSwindle.pdf