>> I would much rather own businesses. It’s very easy to take away the value of fixed-dollar investments.
Personally, I think that the run-up in the market over the last 12 months is primarily due to entities (corporations, households, funds) with cash who are betting on inflation rather than growth.
Much as I despise Warren Buffett, I have to admit I agree with him on this point.
Yeah me too. His logic is sound.