Do you guys even take what he says serious anymore? Out of all his predictions over the last two years I don’t recall any of them coming to fruition. Does anyone have a different take on that?
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If you cant even beat the market then I don’t take you seriously.
Results are not as important as the journey sometimes (since of none of us are his LPs). If you start "tracking" every famous investors thoughts vs results you are just going to be super long doge coin.
He's still a respectable investor of all time but has shifted his focus in recent years. Btw, how's Bridgewater doing this year? Heard they were subpar in 1Q but rebounded in April.
Is it worth reading his books?
Unpopular opinion here, but I hated "Principles". I didn't think it was very useful or entertaining. Other investing books are MUCH better for developing an investor mindset (countless ones - I'll leave the lists to people like thebrofessor ) and other biographies are much more inspiring.
I don't think principles is an investment book it's more about personal philosophy - there is no right or wrong about it.
For a finance elective, I have to watch a Ray Dalio video where he explains "How the Economic Machine Works" and claims that what he told us in the video allowed him to predict the last few crashes. Like dude, if that was really how the economy works then the 22 million people who watched that video would be able to run your hedge fund
Really not sure if you guys are just trolling all over now. If you think that video does not give a quick overview of Dalio's main strategy since he started in 1970 not sure what to tell you.
Why would he give away his strategy for free?
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