The goal is not to beat markets over a period of quarters or years, the goal is to establish and adhere to consistent principles that serve our best interests of financial stability and downside protection over full market cycles within our own lifetime. A good discussion of many points in this segment.
Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises, which he says helped him and his fund foresee and navigate the financial crisis. Here is a direct video link.
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