Ray Dalio Quotes
When people get at each other's throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening.
Dalio, Ray. Principles for Navigating Big Debt Crises. Bridgewater, 2018.
This was his most famous speech.
The Supreme Court had ruled that there could be no limits placed on the amount of money that could be spent by a rich company or person to campaign for a candidate. It would deny them their right to freedom of speech. That was the context of Hollings’ remark.
In many of nations immigrant groups have been very successful and have achieved wealth and/or power in the society out of proportion to their numbers. Often the indigenous people—or those who came earlier—look at the newcomers as alien. In Fiji, citizens of Indian extraction have a disproportionate share of the wealth.
This is one of the proverbs of King Solomon of the Jews, son of King David.
Raymond Thomas Dalio is an American billionaire businessman, hedge fund manager, philanthropist, and author who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1971 in New York. Within ten years, it was infused with a $5 million investment from the World Bank's retirement fund. Dalio is regarded as one of the greatest innovators in the finance world, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management.