Raymond Dalio (born August 8, 1949) is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds. Bloomberg ranked him as the world’s 79th wealthiest person in January 2019.
Ray Dalio answered to questions of his all time favorite books ?
1. The Lessons of History by Will and Ariel Durant
2. Hero of a Thousand Faces by Joseph Campbell,
3. The River Out of Eden by Richard Dawkins
4. The Rise and Fall of the Great Powers by Paul Kennedy
Here are the Biggest views on Ray’s Mind :
1. The inabilities of the ECB and the Bank of Japan to be stimulative and the limited ability of the Federal Reserve to be stimulative when we have big wealth/values gaps and populism.
2. Going into a number of important elections around the world. That will lead to more fiscal policy moves that will affect markets (the way the Trump corporate tax cuts did).
3. The rise of China and the economic, geopolitical, and possibly even military competitions with the US, will change the economic landscape in very important ways. So will big data, artificial intelligence, and other “thinking-like” technologies.
Advice for teenagers ?
Explore the things that excite you, think for yourself while having humility, and have fun!
Scuba diving and ocean exploration, snowboarding, listening to great music particularly at festivals and concerts.
Views about China their Debt , Culture etc. ?
I have been going to China since 1984, have come to know it well, and can assure you that the picture you paint of it is not the China that I know. It is certainly the case that the US is a culture that values the individual and individualism whereas China is a culture in which the core unit is the family, leadership is from the top-down, and knowing one’s place and how to play it well is most important. It’s more Confucian than “Communist dictatorship” than most Americans realize. I’m not arguing the pros and cons of it as much as wanting to convey that it is important not to bring our own biases to trying to interpret it. This is worthy of a longer discussion at some other time because understanding China is now important and will rapidly get even more important.
Source : Reddit