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How to Avoid Inflation in Technology Stocks
Inflation is essentially kryptonite to long bonds because bonds have a fixed coupon over the next 30 years. If what you're being paid in in the coupon is itself being the base of your inflation, if the value is being eroded, then the value of that bond is going to be much, much less. Why is it that these technology companies or let's say these growth stocks where it's sort of pie in the sky are most susceptible to inflation? Because they focus on revenue in 10 years rather than profit now.