"If You're So Smart, Why Aren't You Rich?": Bridgewater's 'Principles' Don't Apply To Ray Dalio [zero hedge]
Vanguard Short-Term Treasury ETF (VGSH)
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Source: zero hedge
"If You're So Smart, Why Aren't You Rich?": Bridgewater's 'Principles' Don't Apply To Ray Dalio Bridgewater founder Ray Dalio has been a fixture in the financial press for more than a year now as he has transitioned from running his firm to establishing himself as a media commentator and pseudo-prophet, loudly exhorting the public to heed his warnings about capitalism and its shortcomings. Economic inequality is an imminent threat to societal cohesion in the US, Dalio claims. And in a series of disorganized screeds published on LinkedIn and accompanied by charts that were presumably assembled on the fly by a team of Bridgewater analysts (since computers handle most of the actual investing at Bridgewater now), the billionaire has laid out his plan to repair the damage caused by decades of corporate greed (allegedly unleashed during the 1980s by Ronald Reagan's free-market reforms). Not only is Dalio's plan hopelessly unworkable, and not only because it hinges on the emergence of a kind
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