Maggie's Farm

A couple of years old, but still fresh and smart. Mr. Dalio makes it all sound simple, common sense. He views markets on the large scale, global scale; buys and hedges entire international markets and currencies, never individual securities. (FYI, here's a piece on the All-Weather Portfolio)

He advises people with lower net worth (eg under 10-50 million) to stay away from the equity casino where the master poker players will beat you, but ordinary people like me are naturally a bit greedy and ignore wisdom. As a commenter says, "The man knows exactly what he doesn't know and builds his portfolio around that. Genius." As I listen, I see the huge role that central banks and governments play in the international games of money. There are no free markets today.

His funds require a minimal investment of many millions. Enjoy this, despite an annoying Maria. And who is she to call him "Ray"? I'd like to ask him about the necessity of central banks and their role in creating the economic swings.