Chamath Palihapitiya is very worried about inflation and hedging in 3 ways

Chamath Palihapitiya is very worried about inflation and hedging in 3 ways

Investor Chamath Palihapitiya is concerned about inflation and hedging with three types of assets in the mean time. The Social Capital Founder and CEO likes hypergrowth companies, cash-generating businesses and a handful of assets, like bitcoin, that don't correlate to the former two. "I'm very concerned about medium term inflation," Palihapitiya told CNBC's Scott Wapner at the Delivering Alpha conference on Wednesday. "In an inflationary environment, in my very simplistic view of the world, I want to own three things: hypergrowth, because hypergrowth can always out-run inflation...cash-generative assets...and then I want to own non-correlated assets." Palihapitiya defines hypergrowth companies and businesses that are growing 50% or more each year. The technology investor mentioned , and , all of which he helped take public through special purpose acquisition companies. In terms of stocks that are generating cash, Palihapitiya said mining stocks are a good option. "When we are back to normal, if we go through an inflationary period, you'll want the thing that was growing a lot, not the thing that was growing a little bit," he added. "And you'll want the thing that was generating a ton of cash because in a rising rate environment that has very positive attributes