Chanced upon this latest interview by Ray Dalio that give advice on the current economic outlook and the geopolitical situation. It is worth your time to digest.
Just a little introduction on Ray Dalio:
Ray Dalio, founder and co-chief investment officer, Bridgewater Associates — the world's biggest hedge fund — manages $150 billion in assets. With over 50 years of experience in macro investing, 72-year-old Dalio has been successful in creating a practical investing template by analysing patterns in history and has helped Bridgewater’s flagship Alpha Fund clock net gains of $46.5 billion since inception in 1991. Dalio’s book, Principles for Dealing with the Changing World Order, examines the big cause-effect relationships of economic events that have shaped the world we live in.
In his latest interview with Fortune India, Ray Dalio discusses his macro-investing template. Here’s an excerpt from the interview:
Dalio: I want a highly diversified portfolio of assets that are not cash and bonds.
I want geographic diversification as much as I want asset class diversification. Regarding my geographic diversification I want to favour countries that have three characteristics and are healthy in the ways we talked about:
First, they are financially strong, that is, their incomes are greater than their expenditures and their assets are greater than their liabilities.
Second, I want countries in which there is internal order rather than internal conflict so that then they can be productive.
Third, I don’t want to invest in countries where there are significant chances of external conflict.
I create two portfolios — first, a portfolio of assets that perform best in bad times and retain their value in the worst of times. And second, a diversified portfolio of the investments.
You can read the entire interview here:
https://www.fortuneindia.com/long-reads/the-conversation-ray-dalio/107064?fbclid=IwAR3SWyRBM-gycDOEivZEvDMFwGo_IEtj5Gi8jgVNgBgIX-LtH0_NFxmqDns
No comments:
Post a Comment