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
I think that the first thing is you should have a strategic asset allocation mix that assumes that you dont know what the future is going to hold. – 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
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
I thought if anyone need a leg up, it was our foster children. So, I started getting involved in education reform, and that was back in 1998. And as a result of all the reform work that I had done, people urged me to run for the Minnesota state Senate. I did, I was there for six years. – Michele Bachmann