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The Nature of ValueHow to Invest in the Adaptive Economy$
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Nick Gogerty

Print publication date: 2014

Print ISBN-13: 9780231162449

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231162449.001.0001

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Monetary Shocks and Their Implications for the Allocator

Monetary Shocks and Their Implications for the Allocator

(p.244) Chapter Fourteen Monetary Shocks and Their Implications for the Allocator
The Nature of Value

Nick Gogerty

Columbia University Press

This chapter looks at how the nature of value approach may help us understand economy-wide events, such as inflation, deflation, and other major economic shocks. Being able to identify and even potentially anticipate these events can help allocators find unexpected investing opportunities, and can also help the thoughtful allocator recognize when it is best to avoid getting involved. It first takes a closer look at money as a shared mental construct. It then discusses currency, debt, and equity; the forms of near and far money and the informational belief boundaries they operate within; the relations between money, value, and price; the role of central banks in near and far money management systems; inflation and deflation shocks; shocking organizational impacts; the best way for organizations and clusters to maintain resilience; inflation's effects on the allocator; and inflations impact on the moat.

Keywords:   value approach, economic shocks, investment, capital allocation, money, price, inflation, central banks, organizational resilience, moat

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