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 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
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