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When stuff and services get more expensive, your dollars can buy less of them. That’s called inflation, and it’s a problem because investors want to fund future consumption; if stuff gets more expensive you need to save more, spend less, or earn higher investment returns to meet your objectives. Referenced in this video: US Inflation and Global Asset Returns: https://papers.ssrn.com/sol3/papers.c... The Best Strategies for Inflationary Times: https://jpm.pm-research.com/content/4... Value and Interest Rates: Are Rates to Blame for Value’s Torments?: https://jpm.pm-research.com/content/4... Duration-Driven Returns: https://papers.ssrn.com/sol3/papers.c... Inflation Hedging with International Equities: https://jpm.pm-research.com/content/4... The Golden Dilemma: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.nber.org/system/files/wor... Gold, the Golden Constant, COVID-19, 'Massive Passives' and Déjà Vu: https://papers.ssrn.com/sol3/papers.c... ------------------ Follow Ben Felix on Twitter: / benjaminwfelix LinkedIn: / benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Follow the Rational Reminder on: Twitter: / rationalremind Visit PWL Capital: https://www.pwlcapital.com/teams/pass... Follow PWL Capital on: Twitter: / pwlcapital Facebook: / pwlcapital LinkedIn: / pwl-capital You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=... Apple Podcasts: https://itunes.apple.com/ca/podcast/t... Spotify Podcasts: https://open.spotify.com/show/6RHWTH9... ------------------