Ray Dalio tells Charlie Rose this week that he’s operating under “three big themes”:
- There is a deleveraging going on resulting in economic contraction.
- Monetary and fiscal policy are greatly overextended. “We’re out of ammunition.”
- Political, partisan conflict is certainly not helping and may be exacerbating the situation.
The rest of the conversation is a must watch for investors and traders alike. Click the image below for the video:
My favorite quote from the interview:
“We all should recognize that we could be wrong. The way I get to success, it’s not what I know. It’s knowing what I don’t know or worrying that I’ll be wrong that makes me find people to criticize my view. If you can stress test what I’m saying I’ll learn.”
Hat tip, Paul Kedrosky