3min chapter

The Tim Ferriss Show cover image

#264: Ray Dalio, The Steve Jobs of Investing

The Tim Ferriss Show

CHAPTER

The Holy Grail of Investing

If i can have ten or 15, ideally 15, but even if it's five good, uncorrelated bets. That's the holy grail of investing. The power of diversification is much more valuable than trying to make any one bet. If i can find three people who are excellent experts and listen to their disagreements, m i'm significantly raising my probabilities of being right. So there be no techniques like that. humility and triangulation of great people a is an excellent way of raising one's probability of making a good decision.

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