The School of Greatness How To Prepare For The CHANGING WORLD ORDER That Has Begun w/ Ray Dalio EP 1266
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May 13, 2022 
Ray Dalio, a billionaire investor and hedge fund manager, shares insights from his book on navigating our rapidly changing world order. He discusses the significance of financial preparedness amid inflation and the dangers of excessive debt. Dalio emphasizes the importance of a diversified investment portfolio for young individuals and critiques the current education system's approach to money. He also highlights the geopolitical tensions between nations, especially the U.S. and China, and stresses the need for collaboration to address societal inequalities.
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Diversification is Key
- Diversify investments across different asset classes like stocks, gold, and real estate.
- Avoid holding excessive cash and bonds due to inflation and tightening monetary policies.
Importance of Cash Reserves
- Prioritize building a cash reserve that can cover several months of living expenses.
- Consider the impact of inflation on your savings and aim for a larger reserve.
Learning from Financial Loss
- Ray Dalio lost his savings early in his career, a painful but valuable experience.
- This loss taught him humility, the importance of stress-testing ideas, and diversification.
