You can’t afford not to read this book.
Its been said before and it will be said again but this book is a MUST READ. This the most serious topic that exists today and will be relevant for the next 30 years. Major changes are underway in the climate. Changes that will effect you and your family. The consequences are drastic and you need to act now. Failure to act could put your family in harms way. There are other things to consider as well. Our economy is long in the tooth. Will severe winters have an impact on our economy ? There are other economic considerations. Here is the take of Charles Munger who helped world famous investor Warren Buffett build Berkshire Hathaway, Inc one of the largest investment companies in the world. Even they don’t really know what’s on the horizon.
(Bloomberg) — Charles Munger, who became a billionaire while helping Warren Buffett build Berkshire Hathaway Inc., predicted it’s going to get tougher for consumers to maintain their standard of living in coming decades.
“We should all be prepared for adjusting to a world that is harder,” Munger, 91, said Wednesday at an event in Los Angeles, in response to a question about the increase in the size of the Federal Reserve’s balance sheet since the 2008 financial crisis. “You can count on the purchasing power of money to go down over time. And you can almost count that you’ll have more trouble in the next 50 years than the last.”
The cost of living in the U.S. excluding food and fuel rose more than forecast in February, climbing 1.7 percent from a year earlier. The Fed’s preferred measure of inflation expectations – – the five-year, five-year forward break-even rate — now projects consumer prices will increase at a 1.91 percent rate starting in 2020. That’s up from 1.75 percent on Jan. 30.
Munger spoke at the annual meeting for Daily Journal Corp., a Los Angeles-based newspaper publisher where he serves as chairman. After inflation, investors in common stocks averaged “unbelievably good” returns over the last five decades, he said.