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We Study Billionaires - The Investor’s Podcast Network
TIP 037 : Billionaire Ray Dalio and other Market Wizards (Investing Podcast)
May 31, 2015
Billionaire Ray Dalio and investment expert Jack Schwager discuss investing strategies, market insights, and the importance of adaptability in a changing macro environment. They explore the conflict between academic theory and industry practice, share stories of defying odds in investing, and highlight the value of continuous learning in the investment realm.
50:23
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Quick takeaways
- Focus on asymmetrical trades with limited downside and substantial upside for successful investing.
- Maintain conviction in investment strategies regardless of correctness, focusing on beating the market.
Deep dives
Theme: Asymmetrical Trades
Successful investors in the book focused on asymmetrical trades where the potential upside significantly outweighs the downside, ensuring limited risk exposure. This strategy involved seeking trades with minimal downside risk and substantial upside potential, leading to successful investment outcomes.
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