At the back end of last year I came across a series of videos by Ron Hosen. Looking at the number of views these are not popular - but I recommend them. I found them insightful and very interesting - Ron is a skilled investor. Anybody who manages 20% a year compounded is.
There are five videos in the series - I recommend listening to them all. I did a fair bit of my listening as I did the washing up. Somewhere in the middle Ron describes his take on inflation in terms of Rotisserie Chickens. Two bouts of QE have failed to change the cost of chickens so Ron (quite correctly) establishes that there is zero inflation. Inflation affects you only in the things that you buy. I, unfortunately, don't buy Rotisserie Chickens and I do buy quite a lot of other things. I am feeling inflation bite.
Here is the first of Ron's videos - YouTube will offer you the rest.
A few days ago Ron published a followup Video - a shorter set of two where he goes over the "crumbs" that are left.
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