inflation

“Pricing power is as good, In a deflationary environment as is an inflationary environment.”

“If you look at inflationary episodes, they tend to occur about a generation apart. And I don't think that's a coincidence. I think that inflation is such a huge systemic problem when it happens, and so devastating to both the financial system and also the poli…”

“And so when we do have the next inflationary surprise, It's going to throw all of this completely haywire and it's going to be underpriced in the market as well.”

“And then we're also looking at things like geopolitics trade disputes and things like that, which populist politics in general is usually detractive from economic growth and inflationary.”

“On the inflation side, because inflation is so lagging, so if you think of supermarkets don't immediately start raising prices until they're sure the demand is there, they don't start cutting prices until they're sure that it's dropping off, and then wage cycl…”

“If you do have a high inflationary environment with high interest rates, that works well for Farman. That's the 19 seventies for Farman.”

“Historically, that has been around six percent. Half of that is inflation. This is a Very good inflation hedge. Soybeans go into like 3000 products, including the pen you're holding right there. I mean, it goes into everything. It is an inflation hedge, tracks…”

“There are only three ways a government can raise revenue. We can either get it through current taxation, borrowing, which means future taxation, or inflating away the real value of existing debt. Which is taxing the past.”

“Nothing has changed, and so we can expect inflation at some point because the government is printing a lot of money.”

“The economy is very, very durable in the face of Anything up to intermediate inflation levels, three, four, five percent. It won't affect the economy, but it will knock down price earnings ratios.”

“To work through to wages, where inflation really starts to escalate, it's going to take a long time, because we've had such miserable deflation in the typical average wage for so long that we are not in immediate danger of having them spiral out of control.”

“So I am actually very proud to say that I wrote quarterly letters for 20 years, and I never featured inflation as a major risk.”

“I think it's going to be natural to have some level of inflation here for a period of quarters. If it was a normal, gradual, cyclical recovery, or recovery coming out of a financial crisis like what you have all experienced, I think it's very, very different f…”

“I think policymakers are much more likely to take inflation than a deflationary crash at this point. And there's so much that can be done in society by distributing the wealth via those mechanisms. So I think you're likely to see that.”

“And these businesses typically trade at a premium on the public side. But I do think that given there's a lot of uncertainty around inflation, it's one of the better tools that we have, again, thinking long-term to protect against that.”

“And the upcoming next five years, it's one thing to have lower for longer yields. It's another thing to have lower for longer yields when some people's benchmarks, meaning inflation or the cost of living are way above those yields. And that's the change that I…”

“Wage much less transitory than the goods service. So I think there's the supply chain issues, which some might say will be resolved in short order. I think that will run a bit longer. The wage pressures will not be.”

“I think the That is extremely sensitive to the political risks domestically in the U S and they will not look to curb inflation at the risk of recession. I don't think they will, but I'm in that camp.”

“I'm starting to think that as important as that inflation conversation has been, I'm not sure that matters anymore, or at least not to the extent we thought it might three weeks ago, because this is now exclusively about geopolitics.”

“That over the next several years, average inflation would turn out to be higher than in at least the 10 years prior to say, twenty-twenty. That would be my best guess.”

“I was speaking to somebody yesterday who has a public investment, I think, in DoorDash, and he talks to that management team quite often, and the inflation that they're feeling is everywhere. It is in the packaging of the materials. It is in the food costs. It…”

“Today, European reaction to this, which is in essence, let's buy a bunch of US-made weapons, is going to make domestic inflation worse, and that it deteriorates further the current account balances, which then leads to weaker currency, which leads to greater i…”

“You need to make sure you have real assets and you probably should have a Diversified basket of real assets because inflation's weird. It reacts very differently to both expected and unexpected. There's no silver bullet.”

“I do think the inflation is going to be a little more persistent, but I'm not one who believes that we're going to have a gigantic and deep recession when you're starting with 3.6% unemployment and healthy consumer balance sheets.”

“There's no doubt we are deglobalizing. The obvious impact is higher inflation. It's higher inflation, it's lower margins, higher structural interest rates, which makes for lower valuations.”

“Has a 97% correlation with inflation.”

“In the last few years, we've talked about a world where There's going to be less synchronized growth cycles where inflation is going to be more of a challenge going forward, perhaps structurally because of some of the physical investment necessary, particularl…”

“I think with inflation where it is, with debt levels where they are, with political gridlock where it is currently, It's very dangerous to think that a rescue will come relatively quickly the next time we have a crisis type environment.”

“That's one of the reasons I think inflation is going to be sticky, but I also think that could be valuable to have more international diversification because I think you're going to have different zones of economic activity, and I'm not sure you want to be com…”

“The pass-through effect this time, if the Fed's going to succeed in bringing inflation down back to target levels, it's going to have to be more persistent and more hawkish, I would argue, than any of us have experienced.”

“The diversification can include renewables and resources, as an example, where that's diversification into some commodity price risk, and that can be one of the best hedges against inflation.”

“So we were buying inflation Back in 2019, when it was pricing at one percent, we were loving inflation. So, well, let's buy some of that.”

“Obviously constrained by the cost of replacement, and as the cost of replacement rises, inflation rises, they can hold value in a way that other things may not, as well as often having inflation linked income streams.”

“There's many, many reasons why we think inflation will be sustained. It doesn't mean it will stay double digits or high single digits. It will come back down, then it will go up again, then it will come back down, then it will go up again.”

“Because as a foundation, our goal is to last into perpetuity. We have to pay out five percent. That's the IRS mandated payout. So our long-term performance objective is five percent plus inflation. Obviously, inflation had been a hot topic. Our baseline for th…”

“We're in a world with high for longer sticky inflation, certainly a breakdown of the free trade agreements that were happening so easily. Previously, there's a lot of re-onshoring. Unfortunately, we've seen the best of the geopolitical environment from securit…”

“We're in a period now of a total and complete restructuring of the geopolitical equilibrium. We're in a period of sustained higher inflation. There's one asset that fills that gap that's created when things change like that. All that change leads to fear, unce…”