We Study Billionaires/The Investors Podcast - Billionaire Ray Dalio's Book: Principles
Nov 14, 2017·00:58:40·Tap to summarize
Billionaire Ray Dalio is one of the biggest names in finance. He achieved this recognition due to Bridgewater Associate’s stellar performance over numerous decades of operations. For instance, during the 2008 financial crisis, the US Stock market was down -50% and Dalio’s Pure Alpha fund was up 9.4%. His company has become the largest hedge fund in the world and it trades in almost every market around the world. In this week’s episode, we read Ray’s new book, Principles. The book was recently released on Amazon in October, and it’s quickly rose to numerous bestseller rankings.In this episode, you’ll learn:- Why you can have anything but not everything in life- Why 15 uncorrelated bets is the holy grail of investing- Ray Dalio’s 5 step process to achieve your goals in life- The personal advice Ray Dalio gave to Preston- Ask The Investors: Why is inflation so low when the economy is booming
