Warren Buffett said at his recent annual meeting: "We're seeing very substantial inflation. I mean, we're raising prices. People are raising prices to us. And it's being accepted. The costs are just up. up, up, ... it's almost a buying frenzy. There's more inflation going on ... quite a bit more inflation going on than people would have anticipated."
Billionaire investor Stanley Druckenmiller says: His main investment thesis right now is that inflation will be much higher than the 'experts' think. My overriding theme is inflation relative to what the policymakers think ... basically the play is inflation."
Billionaire Paul Tudor Jones has said: "We are witnessing the Great Monetary Inflation - an unprecedented expansion of every form of money unlike anything the developed world has ever seen. The idea that inflation is transitory, to me ... that one just doesn't work the way I see the world."
Billionaire investor Bill Ackman, when asked recently about inflation, said: "First of all, it's hard to roll back wages once you roll them up." - Dr. D. Eifrig M.D., MBA
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