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I think the article serves as a call for urgency for the approaching inflation. One of Grant's biggest followers is Seth Klarman. Klarman runs the Baupost Group
by jakarta 17y ago
I think the article serves as a call for urgency for the approaching inflation. One of Grant's biggest followers is Seth Klarman. Klarman runs the Baupost Group, which is a hedge fund comprised mostly of endowment fund money. His fund is using interest rate caps and swaptions to hedge inflation instead of using TIPS.
I don't know if calling Grant naive is correct. He has been ahead of the curve on spotting bubbles in the past and runs a well reputed magazine ($850/year subscription)