Ray Dalio on Failure, Meaningful Work and Relationships
Masters in Business
00:00
The All Weather Portfolio
Dalio: "I had something like 25 years more experience with that other memory in my mind of all of those other, you know, lessons I learned in compensating ways and so on" He says he knew how one market would go up or down depending on the circumstances. The main drivers are inflation and growth; cash has to have a lower return than other asset classes if it doesn't, Dalio says.
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