Sep 8, 2010

Jens O. Parssons on the role of inflation in stock market investing

Attempting to make profits from the stock market, or even to make sense of it, without completely understanding the universal determinant of inflation was like being at sea among uncharted rocks and shoals without so much as a tide table.

~Jens O. Parssons, Dying of Money: Lessons of the Great German and American Inflations, 1974

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