Ray Dalio apparently stands on the shoulders of nobody
Ray Dalio’s “Principles for Navigating Big Debt Crises” is the work of a self-taught economist and self-made billionaire. The first 70 pages of the book, in which the founder of Bridgewater Associates introduces his theory of debt cycles, have no citations. He apparently stands on the shoulders of nobody.
Mr. Dalio’s education came on trading floors, not in classrooms. “There is nothing,” he writes, “like the pain of being wrong or the pleasure of being right as a global macro investor to provide the practical lessons about economics that are unavailable in textbooks.”
Daniel Rasmussen WSJ 5 January 2023
Principles for Navigating Big Debt Crises – December 2022
https://www.amazon.com/Principles-Navigating-Big-Debt-Crises/dp/1668009293
Ray Dalio Wall Street stocks will take a 20% hit
The market is severely underestimating where inflation will end up — at 2.6% over the next 10 years versus what he sees as 4.5% to 5% in the medium term, barring shocks.
MarketWatch 15 September 2022
https://englundmacro.blogspot.com/2022/09/ray-dalio-wall-street-stocks-will-take.html
Ray Dalio on Youtube and text
https://englundmacro.blogspot.com/2021/04/ray-dalio-on-youtube-and-text.html
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