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Chapter 2: The Investor and Inflation (The Intelligent Investor)

Inflation is an investment concern because it depletes real wealth, and the purchasing power of profits and principal. Fixed income securities are usually most hard hit.

The benefit of equity investments is that dividends and capital gains can make up for lost purchasing power – especially when compared with a bond that has a fixed payout.

Minimize risk by anticipating what you cannot see. Diversify.

"A gilded No is more satisfactory than a dry yes" - Gracian

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