TIP164: Billionaire Ray Dalio's new book: Principles (Business Podcast)

Billionaire Ray Dalio is one of the biggest names in finance. He achieved this recognition due to Bridgewater Associates stellar performance over numerous decades of operations.  For instance, during the 2008 financial crisis, the US Stock market was down -50% and Dalio's Pure Alpha fund was up 9.4%. His company has become the largest hedge fund in the world and it trades in almost every market around the world. In this week's episode, we read Ray's new book, Principles. The book was recently released on Amazon in October, and it's quickly rose to numerous bestseller rankings. Click here to get full access to our show notes. In this episode, you'll learn:Why you can have anything but not everything in lifeWhy 15 uncorrelated bets is the holy grail of investingRay Dalio’s 5 step process to achieve your goals in lifeThe personal advice Ray Dalio gave to PrestonAsk The Investors: Why is inflation so low when the economy is booming View Ray Dalio's Book on Amazon