Charlie Munger Quotes About Inflation
-
Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.
→ -
I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.
→ -
I see almost no change in the price of the composite product that flows through Costco I don't feel sorry for the people who pay $27 million for an 8,000-square-foot condo in Manhattan. So inflation comes in places.
→ -
I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.
→
Related Authors
-
Walter Schloss Investor -
Philip Arthur Fisher Author -
Irving Kahn Investor -
Bill Ackman Hedge fund manager -
John C. Bogle Investor -
Bill Gates Investor -
Guy Spier Author -
Jared Fogle Spokesman -
Satya Nadella Executive -
George Soros Business magnate -
Seth Klarman Author -
Warren Buffett Investor -
Mohnish Pabrai Investor -
Peter Lynch Businessman -
Ray Dalio Businessman -
Wilbur Ross Investor -
Joel Greenblatt Manager -
Al-Waleed bin Talal Businessman -
Whitney Tilson Author -
Benjamin Graham Investor
Popular Topics
- Marxism Leninism
- Exaggeration
- Monastic Life
- Complaining
- Listening To God
- Global Issues
- Unreasonable Search And Seizures
- Immoral
- Rescue Me
- Misrepresentation
- Illness And Death
- Social Transformation
- Clear Blue Sky
- Military Personnel
- Step Children
- Him And Her
- Baseball And Life
- Mourn
- East Side
- You Might Be A Redneck If