Warren Buffett: Inflation 

“Our outlook for inflation is always the same. We feel there’s a big bias toward inflation – – – both in the U.S. and around the world. But our objective is not to profit from it as much as it is to avoid disaster. Our outlook leads to our buying businesses with the same characteristics that are good in low inflation — namely pricing flexibility, high returns on capital, profits received in cash and so forth.”

—Warren Buffett.