19/04/2020
Ray Dalio, one of the top 3 Investors I respect most globally, tells us what we need to understand about investing in these current times. It is around the 26 min, “The most important thing for an individual Investors is to know how to diversify well and in a balanced way. The greatest mistake is to think that what has done well lately is a better investment rather than more expensive and what has done badly lately is a bad investment rather than cheap. Unless you know how to deal with the differences of those, which most people don’t, they going to be in trouble. Understand that the total amount of wealth, essentially doesn't change very much. One thing goes up and one thing goes done. You need to know how to diversify in assets, countries and currencies. Knowing how to diversify your wealth is the most important thing. Do not think that cash is a safe investment. Cash is almost always the worst investment. Think a little bit unconventionally. Diversify well. Be humble. Don’t market time and be conscious of the dangers of cash.” Click here to watch the whole thing -
"I'm a capitalist. I believe in the system. I believe you can increase the size of the pie and you could divide it well," says Ray Dalio, founder of Bridgewater Associates. He offers wide-ranging insight and advice on how we might recover from the global economic fallout of the coronavirus crisis --...
