Legendary Investor Ray Dalio explains how the current economy follows a precise pattern we’ve seen over and over again in history, although many things (like the pandemic) may only happen once in a lifetime. In this interview with Tom Bilyeu, Ray Dalio argues an economic storm is coming that may be even worse than what happened between 1929 and 1932.
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Ray Dalio | How To Prepare For A Debt And Economic Crisis By Looking At History
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank’s retirement fund. In 2020 Bloomberg ranked him the world’s 79th-wealthiest person.
Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. It was featured on The New York Times best seller list, where it was called a “gospel of radical transparency.”
0:00 – Money is digital
0:30 – Why the economy will suffer a brutal crisis in the coming years
2:44 – What we need to know about the coming debt and economic crisis
3:38 – How to know the value of money and why history is repeating itself
5:18 – What we can learn from the 1929-1932 crisis
6:33 – What are the necessities for a functional society
7:50 – Why what you don’t know is greater than anything you do know
8:36 – What’s coming next for the economy
#RayDalio #Stocks #Economy
Full interview (Credits): Legendary Investor Ray Dalio Breaks Down Everything You Need to Know About the Current World Economy | Tom Bilyeu
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Ray Dalio On What’s Coming Next For The Economy – Success Attraction
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