If you’re getting tired of reading about interest rates and inflation, here’s something a little different which I’d highly recommend.
Ray Dalio’s global macro hedge fund (Bridgewater Pure Alpha), is up 21.5 per cent this year to the end of July, whereas the broader hedge fund industry is having a year to forget – down an average of 5.6 per cent so far according to data group HFR. [1]
Ray is the founder of Bridgewater Associates, the world’s largest hedge fund. He anticipated the global financial crisis, and he was also ahead of the curve on the inflation challenges the world is now grappling with, betting some time ago that policymakers and markets would need to respond.
There’s a 45 minute YouTube animation Ray put together which summarises his research and outlook very clearly. I’d highly recommend…
It covers 500 years of history to establish a) what drives the rise and decline of nations through time, and b) where we are now in that cycle.
It concludes by suggesting what the current world leading power, the United States, needs to do to remain strong.
I hope you find this as interesting and valuable as I did.
