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TIP442: Investing in Stocks w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
Investing in High Inflation Environments
Inflation is really hard to do in democracies, it's almost impossible. So our investment in turkey was made under the premise that 50 % inflation is there,. I s assumed that, not only will there be 50 % iflation, because of the way the currency will react, the lida will value accordingly. And what has happened in the last three years is, when we've gone from five to 15 in dollars, we have quadrupled our money in resas, it's forex. In local currency, it's even more. But who cares what? How can you invest in a high inflation environment and still do well?
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