Fascinating Interview with Ray Dalio of Bridgewater
For years Bridgewater was incredibly secretive and Ray Dalio never spoke publicly. However, once his “principles” were leaked on the web, he started appearing on TV and in print. He is a very thoughtful macro thinker and Bridgewater’s track record suggests we should listen when he speaks. Yesterday on the Charlie Rose Show he did his most extensive interview to date. He spoke extensively about his philosophy and principles as well as making a number of macro observations including that he thinks the US will see a “contraction”, Europe will print money and do haircuts on debt, and that China has an emerging credit bubble.
The key takeaway for us was the prime importance he placed on knowing what he doesn’t know and saying that it is actually more important than what he does know.