Common stocks, in general, do not appear to be effective hedges against either expected or unexpected short-run

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Common stocks, in general, do not appear to be effective hedges against either expected or unexpected short-run inflation. Explain why the stocks of some companies might be better hedges against inflation than the stocks of other companies.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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