The Big Picture
One of the great problems writing this missive from week to week is getting too buried in day-to-day events. When that happens, it is very easy to lose sight of the big picture – the very big trends that often occur less than once in a lifetime, but can have monumental impact on our personal and financial well-being.
One of the better long term thinkers in the investment world is Ray Dalio, the founder, and now retired CIO of Bridgewater Associates, one of the largest private investment funds in the world. Dalio grew Bridgewater based on a study of cycles through history, and learning how to respond to events by understanding that history. Whether you agree or disagree with Dalio doesn’t really matter. His comments are always useful in recovering the long term cyclical perspective that is so easily lost in our Instagram world.
This highly recommended interview from the Wall Street Journal is about 25 minutes long. Be sure to give yourself enough uninterrupted time to watch it completely. Click the picture below to start.
Have a great week!
What We’re Reading
People’s last words are often these 4 phrases: What they teach us about living happy, meaningful lives
Shares of Dell fall 16% as AI servers are sold at ‘near-zero margins’
Big Tech stocks are dropping sharply
The Fed’s preferred inflation measure rose 0.2% in April, as expected
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Federal Debt, Federal deficit, Federal Reserve, Inflation, Stock MarketBy: Adam
