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Importance of Understanding the World and Book Recommendation
Exploring the significance of comprehending the global landscape for protecting one's investments, with references to Ray Dalio's book 'The Changing World Order' and an episode of the 'We Study Billionaires Show' featuring Ray Dalio as a guest.
Clay Finck chats with Joe Brown all about inflation, the primary driver of the high inflation we’ve seen over the past year, and much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:45 - What inflation is, and why it exists in our modern day economy.
29:43 - How investors can best protect themselves against inflation.
43:37 - Who the ‘winners’ and ‘losers’ are in an inflationary system.
45:45 - Whether stocks are a good inflation hedge or not.
53:21 - The unintended consequences of price controls in an economy.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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