Ramin Nakisa
👤 SpeakerAppearances Over Time
Podcast Appearances
I was wrong.
And the market told me I was wrong by making less money than I thought.
So I made about six.
I thought I'd make about seven.
So you've got to be right, right?
You've got to be right.
And you've got to know what's baked in.
So inflation-linked bonds protect you against unexpected inflation.
Normal government bonds protect you against inflation that's expected.
So there's some of that baked into those two.
And equity is the best hedge against inflation longer term.
Because businesses have pricing power.
Exactly.
Until it reaches about 5% inflation, at which point they de-rate.
So they provide you with limited inflation protection.
But beyond that 5%, 6% inflation, equity starts to suffer as well, usually.
Or you can buy the source of the inflation.
So if the source of the inflation was oil-
You could buy oil exposure.
If it was industrial metals, you could buy those.