Ray Dalio

Explore them openly with the goal of figuring out how you and your people are built so that the right people can be put in the right jobs. #principleoftheday @RayDalio

For me, watching what is now happening is like watching a movie that I have seen many times in history. I am a global macro investor whose approach to betting on what is going to happen is to understand the mechanics of how things work by learning the lessons of history. I find that what is now happening has happened r…

“Because I covered that cycle comprehensively in Chapters 3 and 4, I won’t explain it here in detail. But to understand Stage 5, you need to know that it follows Stage 3, in which there is peace and prosperity and favorable debt and credit conditions, and Stage 4, in which excess and decadence begin to bring about wors…

When the financial problems occur, they typically first hit the private sector and then the public sector. Because governments will never let the private sector’s financial problems sink the entire system, it is the government’s financial condition that matters most. When the government runs out of buying power, there …

“Out of disorder and discontent come leaders who have strong personalities, are anti-elitist, and claim to fight for the common man. They are called populists. Populism is a political and social phenomenon that appeals to ordinary people who feel that their concerns are not being addressed by the elites. It typically d…