AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Importance of Quality in Inflationary Times
In a Disinflationary world, you want to own Coca-Cola. You want to own Google. In inflationary times, actually, the junkier companies contend to do well. If we have really intense inflation, I'm talking sustained 6% plus. Go with the lowest quality because that debt is eventually going to get debased.