It all comes down to interest rates. As an investor, all youre doing is putting up a lump-sump payment for a future cash flow. – Ray Dalio
Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way. – Ray Dalio
In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted. – Ray Dalio
Competitiveness is really what it costs you per man-hour to get you what you want. In other words, theres an education level that plays into the mix and so if its inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in. – Ray Dalio
Im not a prophet I can only use historical reality to come to a view of the future, and my view is that Africa will return to being African and not European. The advent of colonialism was foreign to the country itself, but it will return to what it was before the Europeans arrived. – Wilbur Smith