There are two main drivers of asset class returns - inflation and growth. — Ray Dalio Copy Share Image
Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods. — Charlie Munger Copy Share Image
![“Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/c1b/charlie-munger-458_customer_most-people-will-see-declining-returns-d_2532092.jpg)