Category Archive: 9d.) Ray Dalio

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The Biggest Mistake New Graduates Make

2026-05-15

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When entering this second phase of life, you are almost certainly making the mistake of thinking you know more than you actually know—especially if you got good grades in school. You were taught that success is a matter of learning what you were taught and not making mistakes. That probably made you a bit arrogant, like I was when I graduated. But it is living life and encountering your realities that will truly teach you. The question is, will you...

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Ray Dalio: Long Island University Commencement Speech

2026-05-15

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For me, who graduated from @LongIslandUniversityLIU 55 years ago, to pass along what I’ve learned over those 55 years to the graduating class of 2026 was a déjà vu joy. If you want to learn in 15 minutes the most important things I’ve learned in the last 55 years, you can listen to my commencement speech here. I hope you find it helpful, and as always, I welcome your questions and thoughts.

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Why U.S.-China Relations and Ocean Health Matter More Than Ever

2026-05-14

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There are few things that are more important for the health of the world than the health of U.S.-China relations and the health of our oceans. For over 40 years, I have cared deeply about both, and I was thrilled that @OceanX was able to bring together American and Chinese students and early-career scientists on a goodwill mission last month. Watch here to see a little bit of what it was like and the meaningful relationships that came out of it.

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The Truth About Tarrifs

2026-05-13

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While there’s a lot being written about the Supreme Court decisions on tariffs, I wanted to take a moment to step back and clearly lay out my thoughts on them. Many people think of tariffs as purely disruptive, but throughout history, they’ve been a primary source of government revenue. In an ideal world, you wouldn’t have tariffs — each country would make and trade the things they are capable of producing efficiently. But as the world becomes...

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Gold VS Bitcoin

2026-05-11

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While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it. Second, it also has a high correlation with tech stocks. When investors get squeezed in other areas of their portfolio, they sell their Bitcoin to cover it. Third, it’s a...

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How China Works

2026-05-07

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People often ask whether China or the West is “winning.” That’s the wrong question. The more useful question is: how do different systems work, and what trade-offs do they make? When you look at history, geopolitics, and economics together, you start to see repeating patterns — and those patterns matter far more than day-to-day noise.

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US Financial Health & The Debt Cycle

2026-05-06

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When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.

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Gold Is A Very Selective Diversifier

2026-05-05

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Gold is the world’s oldest money and remains the second-largest reserve asset held by central banks. Its true value lies in what it isn’t: it is not a fiat currency. Because of this, it serves as a powerful diversifier when conditions are bad for ordinary financial assets. Most investors make the mistake of trying to "time" the market—jumping between stocks, bonds, and gold. Even for professionals, that is a losing game. The better...

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The Truth About My AI Twin

2026-04-30

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AI isn’t about replacing humans. It’s about compounding what we know and making it accessible at scale. Over time, I’ve learned that the most valuable thing I can do is capture and refine my principles on life, work, geopolitics, and investing. Now, with my AI Twin, I’m able to extend that thinking into a public resource, available beyond my own time limitations. Digital Ray is in beta — if you’re interested, I invite you to engage with it and...

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What’s Happening With Money Now Has Happened Before

2026-04-29

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Watching the news today feels a lot like watching a movie I’ve seen many times before. In 1971, I witnessed a major currency devaluation that I thought would be a disaster—but the markets actually went up. It was a lesson I only learned by looking back at 1933. When you study the historical "scripts," the current plot becomes much clearer.

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The Plaque In Our Economy Debt

2026-04-28

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Debt service is like plaque building up in the arteries — eventually, it starts to squeeze out other spending within the economy. So what happens when the country is overspending by 40%? What happens when central banks are forced to print money? What happens when the “circulatory system” of our credit markets reaches its tipping point? I address these questions and more in this discussion with David Rubenstein. If you’re interested in...

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AI Has Changed What I’m Looking For

2026-04-27

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AI has changed what I—and I think most people—are looking for in candidates today. It’s not about blindly using AI and following what it says; it’s about being an independent, creative, and critical thinker who knows how to partner well with AI to bring about the best total intelligence. I explore this topic and more in the new AI-powered Masterclass Executive online program, which I’ve joined as an instructor. The program is starting soon, and if...

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Mistakes and failures matter more than success

2026-04-23

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If you’re not making many mistakes, you must not be learning much. Mistakes and failures are ultimately more valuable to you than successes because they provide the best learning. I detailed some of my biggest mistakes—and what I learned from them—as part of the new MasterClass Executive program. At this stage in my life, I believe the most important thing I can do is to pass along everything I’ve learned to others, hoping that they find value in...

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Happy Earth Day!

2026-04-22

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Don’t ignore #nature, immerse yourself in it today. #earthday #earthday2026

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What You’re Missing about the World War

2026-04-21

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History shows us that these conflicts don’t happen independently. They emerge as interconnected parts of a larger pattern — a Big Cycle involving power, economics, and shifting world orders. To understand what’s happening and the implications of the Iran war, you have to see the whole system instead of looking at just one event. I break this down in my latest article, “The Big Thing: We Are in a World War That Isn’t Going to End Anytime Soon,”...

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My Advice for 2026 College Graduates

2026-04-16

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My advice to #graduates of 2026. #raydalio #principles #graduation #graduationday #advice #motivation #lifeadvice #2026

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The Principles for Dealing with the Changing World Order – 5 Minute Version

2026-04-15

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Most people look at wars as isolated events. I look at them as part of a Big Cycle that has repeated many times, so for me watching what is happening is like watching a movie I've seen many times before. What we’re seeing now with Iran and the battle of the Strait of Hormuz is part of that cycle and is connected to and will have big implications for what happens all over the world. I explore these issues with those who run governments,...

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Money is Debt, Debt is Money

2026-04-13

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Money is debt, and debt is money. It confuses a lot of people when I say that, but the mechanics are fairly straightforward. A debt instrument is just a promise to deliver money in the future. What that money is worth determines the value of what you’re holding. That’s why currency valuation is so critical, and why I think people need to pay more attention to it when thinking about the broader economy. @nikhil.kamath

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The Importance of the Health U.S.-China relations and of Our Oceans

2026-04-11

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There are few things that are more important for the health of the world than the health of U.S.-China relations and the health of our oceans. For over 40 years, I have cared deeply about both, so for me this goodwill mission @OceanX just completed bringing together American and Chinese students and early-career scientists has been a dream come true.

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Principles x Masterclass Executive

2026-04-10

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At this stage in my life, my main goal is to pass along the principles that I have learned that have helped me. Those principles are especially valuable now because the times we are in are so risky. I’m sharing these principles in a bunch of ways—from writing my books and articles to sharing them on social media—and am excited to be joining the new @masterclass Executive program along with other great instructors. Recording the class was a real...

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