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
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
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