Ray Dalio. How Economy Works. The New York Times Conference
Ray Dalio (born August 8, 1949) is an American businessman and founder of the investment firm Bridgewater Associates. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List. According to Forbes, he was the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014.
2:55 Everything is a transaction 4:45 Your debt can't rise relatively to you income 7:02 How to understand the behaviour of the players 12:05 Economical Cycles 14:30 The most important thing in investments - balance 18:35 How meditation helps 20:10 Questions from the audience