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
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
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. Thats a beautiful deleveraging. – Ray Dalio