We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
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.
Sometimes you can tell when some people are talking (particularly specialists and wonks) that they know so much about the otherwise complicated subject, that they have a hard time slowing their brain enough and simplifying their thoughts enough to match their mouth's limitations. REALLY smart people are like that all the time. Mr. Dalio is exhibiting that. Great video. You're right about Maria.
I had the pleasure of working with Ray Dalio and his team many years ago when he managed assets for a client. He is probably the smartest and most analytical investor I've ever met. For decades his team put out a Daily Observations piece that was the best pieces of market analysis in the industry. Unlike so many other well known investors, Ray did not have a big ego and was constantly pushing himself to learn more. Many of these people imagined themselves as masters of the universe. This was not Ray.