Ray Dalio on monetary policies, current economic situation, China, Trump, and his investment culture

M. Dalio, you have a new fan.

I Love this guy. His video on "How The Economic Machine Works" makes complete sense, and now this interview.

On the investment culture at his edge fund, Bridgewater, he explains:
"I'm so scared about being wrong. The key to my/our success is to try to find people who disagree with us and who are smart, and try to understand their point of view, so that we can have disagreement. In order for us to have independent thinkers, there gonna have to be disagreement. You have to know what your strengths and weaknesses are. Our goal is meaningful work and meaningful relationships through radical truth and radical transparency so that every problem can reach the surface."

I'm convinced that this is the best method to reach the truth, scientists couldn't say better. And for what I have seen as a PhD student, scientists are not that much into finding the truth anymore.

Ray Dalio thinks we probably won't see an economic collapse, but rather, a long period of stagnation, with low returns and higher volatility on markets. I thought that his economic theory would predict a violent deleveraging, so it was really interesting, and surprising to hear that!