The Jordan Harbinger Show 491: Ray Dalio | The Changing World Order
Apr 6, 2021
Ray Dalio, founder of Bridgewater Associates and author of the bestseller Principles, dives deep into the cyclical nature of history and its implications for today’s economy and politics. He discusses how historical insights can help us navigate current challenges, especially the economic rivalry with China. Dalio shares personal reflections on grief after losing his son and emphasizes the urgency around wealth disparity and societal stability. His insights urge listeners to be aware of political cycles and the importance of resilience in personal and financial matters.
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Early Investing
- Ray Dalio bought his first stock, Northeast Airlines, at age 12 based on its low price.
- The stock tripled due to an acquisition, giving him a false sense of market ease.
Improve Your Odds
- Stress-test your theories by seeking out the smartest people who disagree with you.
- Diversify your investments to lower risk and improve return-to-risk ratio.
Decision-Making Pitfalls
- Beware of those who argue against any idea by finding flaws, as every idea has flaws.
- Effective decision-making involves weighing pros and cons and understanding expected value.
