We Study Billionaires - The Investor’s Podcast Network TIP410: The Changing World Order W/ Ray Dalio
19 snips
Jan 2, 2022 
Ray Dalio, founder of Bridgewater Associates and author of "Principles," shares his insights on the shifting global power dynamics. He warns of a potential decline for the U.S. and highlights China's rise. Dalio discusses the drawbacks of cash and bonds, advocating for diversification and the potential of Bitcoin as an inflation hedge. He emphasizes the importance of being radically truthful, shares lessons from personal loss, and underscores how meditation has bolstered his resilience. His optimistic view on evolution provides hope for navigating future challenges.
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Nixon's Gold Shock
- Ray Dalio's first market surprise was in 1971 when Nixon decoupled the dollar from gold.
- The stock market rallied, contrary to his expectations, revealing the need to study history's patterns.
Real vs. Nominal Wealth
- Judge wealth in real terms, considering buying power, not just nominal dollar amounts.
- Avoid overspending and excessive debt, as perceived wealth can be illusory during money printing.
Diversification is Key
- Diversify broadly across asset classes like inflation-indexed bonds, stocks, gold, and international assets.
- Avoid relying solely on bonds or cash, especially in low-interest-rate environments.
