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The Inflation Piece Is Very, Very Tough
Inflation is such a hot topic right now. The way to think about t is more like a hirarchy of inflation. Intangible are, incomparison, better than tangible assets in times of inflation. Buffit has this example of ss candy that he's provided quite a few times in his annual letter. But basey, what i says is that you don't have to replace intangible assets.
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