> Inflation depreciates the value of your liquidity, which is why every major company (except apple, it seems) dumps as much currency as possible into appreciab

> Inflation depreciates the value of your liquidity, which is why every major company (except apple, it seems) dumps as much currency as possible into appreciable and tax deductible assets. When you read stories that Apple (or whoever) has $X billion "in cash" it's not actual cash. They keep some around in money markets and the like for near term expenses, but the majority is in bonds that pay more than inflation. In fact, if Apple were classified as a bond fund they would be the largest in the world: https://www.bloomberg.com/news/articles/2017-05-04/apple-buys-more-company-debt-than-the-world-s-biggest-bond-funds https://www.bloomberg.com/news/articles/2017-05-04/apple-buy...