#29: Louis-Vincent Gave On Staying One Step Ahead Of The Markets
Superinvestors and the Art of Worldly Wisdom
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The Importance of Consumption
As our old people start to consume the capital base, I personally don't see why that should be deflationary. As you consume your capital base, you move to being a less productive economy. There's nothing positive about consuming your capital base. And yeah, to me, that's inflationary.
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