Following on from our post last week about the concept of equity duration, it's a great time to revisit Warren Buffett's evergreen piece on inflation vs equities. The chart below shows in nominal terms the S&P 500 did okay through the 1970s, but investors lost heavily in real terms.
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How Inflation Swindles the Equity Investor
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Following on from our post last week about the concept of equity duration, it's a great time to revisit Warren Buffett's evergreen piece on inflation vs equities. The chart below shows in nominal terms the S&P 500 did okay through the 1970s, but investors lost heavily in real terms.