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.cfm?abstract_id=3882899 The Best Strategies for Inflationary Times: https://jpm.pm-research.com/content/47/8/8/tab-article-info Value and Interest Rates: Are Rates to Blame for Value’s Torments?: https://jpm.pm-research.com/content/47/6/65 Duration-Driven Returns: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3359027 Inflation Hedging with International Equities: https://jpm.pm-research.com/content/40/2/41 The Golden Dilemma: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.nber.org/system/files/working_papers/w18706/w18706.pdf Gold, the Golden Constant, COVID-19, 'Massive Passives' and Déjà Vu: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789 ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix - LinkedIn: https://www.linkedin.com/in/benjaminwfelix/ Visit Rational Reminder: https://rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/ Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIn: https://www.linkedin.com/company/pwl-capital/ You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz Apple Podcasts: https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2 Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA ------------------