How The Economic Machine Works by Ray Dalio

[Arch0wl]

http://www.youtube.com/watch?v=PHe0bXAIuk0

Originally Posted by Gabriel Savoyard

Ray Dalio is the biggest, and one of the most successful, investors in the world. He has been called the “Steve Jobs of investing.” He has also been likened to a cult leader, for creating a corporate culture that demands radical honesty of his employees, including the insistence on recording every single conversation had in the company.

However, the guy manages over $120 billion dollars, is looked to by central banks and world leaders as an oracle, and his top fund has posted 18% annual returns over the last 20 years. In other words, when this guy wants to teach us about how the economy works, we should listen.

Here, Dalio shares his understanding of the economy, human nature, and hints at how it allows him to be a successful investor in this simple, well-illustrated 30 minute video.

[Arntonach]

I'm kinda afraid to hit play because I'm expecting some trolling move like earrape to teach us an abstract lesson on the economy and how it's wrong or right or not more like (insert country here)'s economy. Well, here's to good luck.

EDIT: Seems like what he said was common sense, but the economy is such a huge topic that it just seemed difficult to understand. It's nice to know this stuff, especially with debt collocters are coming after you.