#h

I was about twenty and the Beatles were meditating and I heard about it and they had a center in New York and I came to the center and I learned about it. ↗

— Ray Dalio

#beatles #came #center #had #heard

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed. ↗

— Ray Dalio

#another #because #causing #depends #disruption

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships. ↗

— Ray Dalio

#how #i #just #like #machine

If it didn't happen in your life before, then you're not paying attention you don't think it's possible. But almost all important events never happen in your life before. ↗

— Ray Dalio

#attention #before #events #happen #important

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted. ↗

— Ray Dalio

#gave #give #how #measure #money

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow. ↗

— Ray Dalio

#comes #doing #down #flow #future

Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted. ↗

— Ray Dalio

#look #lot #make #money #people

The big question is: When will the term structure of interest rates change? That's the question to be worried about. ↗

— Ray Dalio

#big #big question #change #interest #question

The economy is like a machine. ↗

— Ray Dalio

#like #machine

There are two main drivers of asset class returns - inflation and growth. ↗

— Ray Dalio

#class #drivers #growth #inflation #main