Tom Bilyeu's Impact Theory

Great Wealth Transfer Has Begun: Preparing For A Market Crash & Rising Conflict In 2024 | Ray Dalio

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Nov 7, 2023
Ray Dalio, a billionaire investor and founder of Bridgewater Associates, discusses the impending economic uncertainties and geopolitical tensions. He highlights the mechanics of the failing banking system and the critical need for diversification in investments. Dalio shares strategies to become antifragile and thrive amid chaos, emphasizing earning more than you spend. He also delves into the rise of global powers and the importance of confronting worries about the future to navigate the shifting dynamics effectively.
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ADVICE

Purchasing Power Safety

  • Prioritize purchasing power over nominal returns when considering safety.
  • Ensure your returns compensate for inflation to maintain value.
ADVICE

Tiered Investing & Geographic Diversification

  • Secure your basic needs first, ensuring you're okay even in a worst-case scenario.
  • Diversify geographically, considering financial strength, conflict levels, and war risks.
INSIGHT

The Holy Grail of Investing

Ray Dalio learned the importance of diversification after a significant financial setback. He discovered that uncorrelated return streams are key to managing risk and improving returns.

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