Three Bizarre Reasons Why Inflation Is Here To Stay
When I was about five years old in the early 1980s, my dad brought home our first computer. Q3 2021 hedge fund letters, conferences and more I’ll never forget it– it was an clunky IBM with a tiny, orange, monochromatic monitor, and dual floppy disks. It had 640 kilobytes of RAM, and no hard disk. I loved it. With that computer I learned how to program, how to navigate a command-line interface, how to design algorithms, and how to solve constant problems… because it was ridiculously buggy and would break down all the time. It was also painfully slow. The boot-up process could easily take an hou...