Elon Musk: Ditch dollar, buy stocks — but I’m not selling my bitcoin
https://ift.tt/IrPfAt8
>**Buy stocks**
Inflation is an **economic challenge**. Depending on how you rise to the challenge, you will be:
* **fragile**: you do worse under this particular challenge
* **robust**: the challenge does not affect you much
* **antifragile**: you even do better under this particular challenge
The **outcome** will depend on:
* how well you can prevent **your suppliers** from passing on price increases to you
* how well you can force the matter and pass on price increases to **your customers**
Elon Musk seems to believe that listed corporations are always robust or antifragile.
This is, however, not possible, because:
In the context of business-to-business transactions, the existence of one antifragile company implies the existence of at least one fragile one. In other words, how can everybody be a winner in what is **essentially a zero-sum game**?
Hence, there exist corporations that — when faced with the inflation challenge — will simply crash and burn. **Don’t buy their stock!**
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