Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted. Ray Dalio Read Quote
I think so many people are reactive… they see things in a short term way they’re right up against it. Ray Dalio Read Quote
The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets. Ray Dalio Read Quote
It all comes down to interest rates. As an investor, all you’re doing is putting up a lump-sump payment for a future cash flow. Ray Dalio Read Quote
What I’m trying to say is that for the average investor, what I would encourage them to do is to understand that there’s inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced. Ray Dalio Read Quote
When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up. Ray Dalio Read Quote
Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way. Ray Dalio Read Quote
When people get at each other’s throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening. Ray Dalio Read Quote
