We Study Billionaires - The Investor’s Podcast Network cover image

Classic 01: Ray Dalio's Book - Principles

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Holy Grail of Investing: Uncorrelated Positions

The key insight from the snip is the concept of the holy grail of investing, which Ray Dalio defines as holding 15 to 20 uncorrelated positions to mitigate risk while maintaining returns. By diversifying across investments that are not correlated, an investor can achieve returns without the associated risks, marking a significant turning point in Dalio's investment strategy.

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