Gustavo Ballvé on August 2nd, 2010
Home, Investment Themes, Portfolio Management, Risk management

Warren Buffett pretty much defined the subject in his classic, 1977 article for Fortune Magazine called “How Inflation Swindles the Equity Investor“. It’s a must-read for any investor, preparation material for a number of finance programs around the world, and all-around common-sense knowledge that most people need.

We haven’t come to this classic by accident: the subject of inflation has been all over major magazines and newspapers recently. Whatever your views on inflation, the article above and the two others inside are very interesting.

In its Winter 2010 edition, “McKinsey on Finance” has a section on “How Inflation can Destroy Shareholder Value”. It’s a valuable learning tool, although it lacks the “aw-shucks” prose so typical of Buffett.

We also found this Sept. 2008 article by State Street Global Advisors on the same subject, albeit more focused on emerging markets. Although Sept. 2008 was in the middle of the global financial crisis – and we had not yet seen the worst of it – the article is also interesting.

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