Black Swan Trader Bets Reputation on Inflation - WSJ.com

I think the chance of very high inflation is higher now than at any time in the past 30 years. The economy can be stagnant and we can have simultaneous inflation. Just look at Zimbabwe.

In stocks I recommend companies that will have pricing power in such an environment, and will pass their profits along to shareholders. Some commodity exposure seems prudent, maybe 5-10% of a portfolio.

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