Many stock investors will tell you that the best inflation hedge is to own productive businesses with pricing power and hold those businesses over very long periods of time. But even warren buffet has started heavily allocating to oil companies, as he seems to be very bullish on oil. So i don't think it's inflation hedge. I tend to be pretty constructive about inflation. Even if it is structural, which i doubt yonw i went back and read Warren Buffet's writings in the early eighties when inflation was kind of piquing my interest.

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