A Quote by Jim Yong Kim
What happens when corn and wheat prices rise is that we see real increases in malnutrition and under-nutrition. And when children are malnourished, their brain development actually slows down and is affected. So this is not just a short-term impact.
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There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
We need a new definition of malnutrition. Malnutrition means under- and over-nutrition. Malnutrition means emaciated and obese.
I kind of hate to be the voice of doom, but I just can't see how prices can't go down. I think people have actually forgotten that property prices can decrease. There's this feeling that they just won't fall, but, of course, that's not true.
Something different happens to my brain when I put pen to paper: the pace of writing or drawing slows you down and gives you more time for thoughts to come in.
I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.
Children malnourished at age 5 tend to suffer permanent physical and mental damage. So if I can save a child from malnutrition, I find it has an extremely favorable risk-reward ratio - the cost I incur versus the overall benefit that I can bring to society.
People tend to overestimate the short-term impact of technological change. In the short-term, it's not going to make that much of a difference.
You cannot immunize sick, malnourished children and expect them to get away with it. You'll kill far more children than would have died from natural infection...It needs to be appreciated that children in developing countries are at a much greater risk of complications from vaccination and from mercury toxicity...because poor nutrition, parasitic and bacterial infections and low birth weight.
It's nice to have short-term to medium-term things that we can apply and see real change in our products, but also have longer-term, five to 10 year goals that we're working toward.
When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
The bottom half of humanity is living in severe poverty; not all of them are malnourished or severely deprived now, but they are extremely vulnerable to even small upsets in their income or in the prices they face of basic necessities, and when something like this happens, they can be thrown off kilter in terms of a disease of a family member or a change in food prices; anything like that can throw them into destitution.
Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.
Any commodity that sees its price going higher will see new mines opening up. When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable.
In the stock market (as in much of life), the beginning of wisdom is admitting your ignorance. One of the many things you cannot know about stocks is exactly when they will up or go down. Over the long term, stocks generally rise at a nice pace. History shows they double in value every seven years or so. But in the short term, stocks are just plain wild. Over periods of days, weeks and months, no one has any idea what they will do. Still, nearly all investors think they are smart enough to divine such short-term movements. This hubris frequently gets them into trouble.
Egypt is the largest wheat importer in the world. In some part, this is due to irrigation issues and inhospitable climes. Egypt's dependence on wheat is also partially because for decades it has been cheaper to import wheat, corn, soy and barley from the U.S. than to grow it locally.
Stocks actually can be a very good hedge against inflation, and short of hyperinflation, stocks will have the ability to increase their dividends to match the rise in prices.
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