Is it a Wise Move to Invest in Freeport-McMoRan (FCX)?

Horizon Kinetics LLC, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. In the letter, the fund mentioned that the type of inflationary environment we are very likely to have is the change-of-era type, which might one day be looked back upon as the shift from a multi-decade disinflationary period to a massive inflationary and purchasing-power-debasement period. The fund also shared a remarkable statement about how the...