I think there are lots of troubles coming, There’s too much wretched excess.Charlie Munger
Charlie said this before the COVID-19 Pandemic. He was right there is too much excess and now there is about to be more excess added to the market. The US is adding close to $3 Trillion dollars.
What does this mean? Why does this matter for a business and for people?
It matters because everything is about to change. Your old life is never coming back and you better adapt to the new or get left behind.
Is $100 dollars a lot of money to you. The new $100 might be $1000. Inflation is driving up the cost of assets and driving down the value of the dollar.