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An Urgent Warning on the Times Ahead with the Founder of the World's Largest Hedge Fund: Ray Dalio (#89)

3 Takeaways

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How to Diversify Well?

i love your example that no one in the early 19 hundreds would forecast two world wars and a depression. No one foresaw inventions such as the telephone, the light bulb or the internal combustion engine. You can reduce one's risk without reducing one's expected returns by knowing how to diversify. Look at your returns in inflation adjusted terms.

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