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Recession Factors
- Ray Dalio emphasizes understanding the economic machine and its principles.
- He highlights key recession factors: central bank policy limitations, wealth gap, elections (capitalism vs. socialism), and China's rise.
Past Recession Success
- Dalio's firm performed exceptionally well during the last recession, achieving a 28% return during the worst year.
- He attributes this success to anticipating the debt crisis and positioning accordingly.
Early Market Interest
- Dalio's interest in finance began at age 12 when he caddied and invested his earnings in the stock market.
- His first stock purchase, based on its low price, unexpectedly yielded profits, sparking his passion for markets.