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Coach Pants 07-21-2011 04:08 AM

Ray Dalio...the hedgehog
 
Quote:

Mastering the Machine

How Ray Dalio built the world’s richest and strangest hedge fund.



Quote:

Dalio believes that some heavily indebted countries, including the United States, will eventually opt for printing money as a way to deal with their debts, which will lead to a collapse in their currency and in their bond markets. “There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency,” he said. Other developed countries, particularly those tied to the euro and thus to the European Central Bank, don’t have the option of printing money and are destined to undergo “classic depressions,” Dalio said. The recent deal to avoid an immediate debt default by Greece didn’t alter his pessimistic view. “People concentrate on the particular thing of the moment, and they forget the larger underlying forces,” he said. “That’s what got us into the debt crisis. It’s just today, today.”



:tro:

declansharbor 07-21-2011 12:00 PM

The Unorthodox Gecko. Good read.


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