2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP478: Market Cycle Masterclass w/ David Stein

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Is There a Long-Term Narrative to Investing?

Ray Dalio suggested gold two years ago, but it hasn't done anything in the past two years. It's really hard to make investments based on any type of long-term narrative that things are going to get worse or it will change because the cycles are too long. " markets are driven by stories and they're driven by narratives," he says.

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