Both the Big Debt Crises book and the Changing World Order read like history books. I've learned more about the 20th century from those two books than I had had from 12 years of school education. I never would have learned about the mechanics of inflationary and deflationary depressions if I hadn't read the Big Debt Crises book.
David Rubenstein's yet another avid student of history, those who are fascinated by history, tend to be well off financially, as those who learn about how history unfolds tend to have a solid grasp of how the economy works. I might be wrong, but it's just an honest observation I've made.
@@randomdude7384 Great observation. We also interviewed David back in 2020 with our CEO Doug Peterson. Check it out when you have the chance. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-vzA1VVOm_Hs.html
Ray forgot to mention in his book the impact of violence and colonialism on making wealth … looting during colonialism created tremendous wealth ! All wars during 19 century had an objective to raise capital !
Dalio talks of 15 streams of uncorrelated returns does anyone know what examples this could be be the mots I can think of is maybe 6 individual stocks, etfs, gold, bonds, reits, crypto
He also invests quite a bit in international equities. China, Brazil, etc… You could count each of those as a separate stream since they are quite uncorrelated to each other
Also as you could see there is a high division in one asset class sometimes. Take for example reit, you have house reit, farmland reit, data centers REIT, commercial space - offices,malls REIT
Many of your viewers would have appreciated more questions about the current state of the economy and how to be well positioned in one’s portfolio in this environment. We are not here to learn about meditation and ESG. If we want to learn about those topics there are much better sources than Ray Dalio. Sorry but this interview really missed the mark in my opinion.
