Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.
![Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.](http://cdn.quoteddaily.com/images/charlie-munger/most-people-will-see-declining-returns-due-to-inflation-one-of-the-great-defenses-if-youre-worried-about-inflation-is.jpg)
Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.