That's great about income preservation, but what about wealth preservation? No matter how strongly your income growth keeps up (or exceeds) inflation, inflation still naturally diminishes the value of your money (and on the flip side, reduce the debt load).
No talent can protect you from the wealth-distributional effects of inflation unless every penny of your value is in TIPS or something.
I think he addresses that in the second point: Next to your own talent the best thing to own is a business with talent. I mean, if you own Coca Cola, it will always be able to command, whatever the currency, a certain portion of people’s earnings or hourly earnings.
No talent can protect you from the wealth-distributional effects of inflation unless every penny of your value is in TIPS or something.