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If You Don't Own Gold, You Know Neither History Nor Economics.
-Ray Dalio
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If You Don't Own Gold, You Know
Ray Dalio
If You Don't Own Gold, You Know Neither History Nor Economics.
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When I Say I Believe In Radical Truth And Radical Transparency, All I Mean Is We Take Things That Ordinarily People Would Hide, And We Put Them On The Table, Particularly Mistakes, Problems, And Weaknesses. We Put Those On The Table, And We Look At Them Together. We Don't Hide Them.
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If Inflation-adjusted Interest Rates Decline In A Given Country, Its Currency Is Likely To Decline.
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I Have Found That By Looking At What Is Rewarded And Punished, And Why, Universally - I.e., In Nature As Well As In Humanity - I Have Been Able To Learn More About What Is "good" And "bad" Than By Listening To Most People's Views About Good And Bad.
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Competitiveness Is Really What It Costs You Per Man-hour To Get You What You Want. In Other Words, There's An Education Level That Plays Into The Mix And So If It's Inexpensive To Buy An Hour Of Real Good Education In Places Like China Versus The U.s., That Factors In.
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I'm Just Saying That If You Understand How The Economic Machine Works, It Just Works Like A Machine. There Are Cause-effect Relationships.
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