When stuff and services get more expensive, your dollars can buy less of them. That’s called inflation, and it’s a problem because investors want to fund future consumption; if stuff gets more expensive you need to save more, spend less, or earn higher investment returns to meet your objectives.

Referenced in this video:
US Inflation and Global Asset Returns: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3882899
The Best Strategies for Inflationary Times: https://jpm.pm-research.com/content/47/8/8/tab-article-info
Value and Interest Rates: Are Rates to Blame for Value’s Torments?: https://jpm.pm-research.com/content/47/6/65
Duration-Driven Returns: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3359027
Inflation Hedging with International Equities: https://jpm.pm-research.com/content/40/2/41
The Golden Dilemma: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.nber.org/system/files/working_papers/w18706/w18706.pdf
Gold, the Golden Constant, COVID-19, 'Massive Passives' and Déjà Vu: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789

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