Ray Dalio

@ray-dalio · 21 positions · On ppll ↗

Founder of Bridgewater Associates, which he led from 1975 until stepping back from control in 2022. Author of Principles, The Changing World Order and How Countries Go Broke; publishes economic analysis at economicprinciples.org.

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What Ray Dalio says most about

investing 4

A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little.

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government 3

A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.

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humility 3

People who succeed in an idea meritocracy balance assertiveness with open-mindedness, holding an independent opinion while knowing it could be wrong and being curious about it.
Holding wrong opinions one is attached to and does not stress test may be the greatest tragedy of most people, and putting ideas out to be stress tested raises the probability of being right.

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public debt 3

A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.

See all 3

curiosity 2

People who succeed in an idea meritocracy balance assertiveness with open-mindedness, holding an independent opinion while knowing it could be wrong and being curious about it.
Instinctive reluctance to disagree is a great barrier to learning, and thoughtful disagreement is not easy for many people.

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interest rates 2

A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
The late stage of the Big Debt Cycle shows itself as long rates leading rates up, the currency falling against gold, and the treasury shortening maturities.

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