Here’s a great interview with amazing investor and businessman, Ray Dalio. He talks on multiple different topics including:
China
Europe
United States Inflation
His personal Investment Strategy
Dalio has a great track record as both an investor, and as a person who thinks radically different about business, and how one should operate. He believes in something he calls Radical Honesty, and it’s how he founded and ran his famous hedge fund; Bridgewater Associates.
He recently stepped down as CEO, but he continues to work with and help out the staff in any way they need.
He recently released a great new book:
In which he discusses his work and life principles that he believes led to his extraordinary success. It’s a great read.
Dalio has always been an independent thinker, it’s one of the keys to his success. He believes that “In order to be successful in the markets you have to be an independent thinker”.
This is probably one of my favorite sayings, quoted from the Dalio interview below.
“One of the greatest tragedies… is people holding in their heads, wrong opinions that they’re confident are correct”
This is one of the most difficult truths that we have to come to terms with as individual investors. Sometimes we absolutely believe something about a company, maybe one we’re invested in, and that belief is 100% false. This is where our mistakes are made. We as aspiring Next Level Investors have to be fluid. We have to be able to adjust our opinions as new facts come to light. Most importantly, we have to take action that best fits that new information. Dalio calls this being ‘Radically Truthful’. He believes that being radically truthful can ‘improve the probability of being right!’.
This is just a glimpse of the full interview you can see here:
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