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.
How Inflation Swindles the Equity Investor
How Inflation Swindles the Equity Investor
How Inflation Swindles the Equity Investor
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.