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> Losing for a bit of inflation is better than losing 20-30% in a recession.

Except you can't time it like that. Inflation eats your savings all the time, while recessions are short.

I have a friend who's been saying "stocks are too risky" since about 2010. He prefers the predictable ~3% inflation...



1) We're not talking about retail investors here. 2) Institutional investors don't "time" things, they are the market movers.




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