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cover of episode Ray Dalio (Part 1): Turning His Investing Principles Into a $150 Billion Hedge Fund

Ray Dalio (Part 1): Turning His Investing Principles Into a $150 Billion Hedge Fund

2025/5/22
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Money Rehab with Nicole Lapin

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Ray Dalio: 我认为当前经济面临的根本问题是信贷过度扩张导致的债务问题。信贷创造了购买力,但也产生了债务。如果个人或国家没有足够的收入来偿还债务,就会出现问题。国家可以通过印钞来解决问题,但这会导致货币贬值和通货膨胀。我们现在就面临这样的问题,这并非新情况,而是长期积累的结果。资本市场就像人体的循环系统,为生产提供营养和支出能力,但债务积累过多就像血管中的斑块,会挤压其他支出,导致问题。美国积累了大量“经济斑块”,面临经济风险,关键在于如何妥善处理这些问题。如果美国不将预算赤字削减到GDP的3%,可能会发生经济“心脏病发作”,导致类似大萧条的局面。解决这一问题的关键在于和谐地处理国际关系,并采取明智的决策。

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If you started investing any time within the last five years, it’s probably felt like a steady stream of firsts—between a global pandemic, changing interest rates, inflation, war, and recession fears, it’s been one plot twist after another. But it’s not a new story—it’s the same economic movie on repeat. And if you understand the principles behind it, you can learn to master the markets. That’s where today's guest Ray Dalio comes in. He’s the founder of Bridgewater Associates—the world’s largest hedge fund with over $150 billion under management—and the author of New York Times bestsellers like Principles, that’s become required reading from Wall Street to Silicon Valley. Ray literally wrote the book on how to invest through any cycle—and today, he’s here to teach you how.

Pre-order Ray's latest book How Countries Go Broke here). Find all of Ray's books here).