Multi-decade Inflation Warnings

Last night my copy of the "University of Berkshire Hathaway" arrived in the mail. It gives a brief summary of the shareholder meetings conducted by Warren Buffet and Charlie Munger from 1986 - 2017. I was surprised to find that Buffet has been warning about the ills of inflation since 1986!

"As long as politicians lack self-restraint, they will print a lot of money at some point."

Buffet predicts as early as the 1986 meeting that that America will see "substantial inflation" at "rates we've never seen before".

Buffet's tone reminds me of my Twitter feed, which suggest that a massive Wiemar Republic style hyper-inflation event is right around the corner.

To see today's inflation messages emulated in a publication from 34 years ago gave me a valuable perspective that these things play out over time. Like a frog boiling in water.

I'm adjusting my present day internet media consumption to 10-20% of my information diet with books and other sources making up the rest.

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