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
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
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
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