Inflation is bad when you’re buying but great when you’re selling.
The cost of living goes up. The cost of food, energy, and housing all rise.
If your wage doesn’t rise at the same rate then your buying power decreases.
If your buying power is decreasing you can only buy necessities and not any luxuries.
If inflation is great for selling take advantage of it buy selling. Sell your time, talents and treasure. Use your money before it’s worthless.
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.
