Here’s another post by one of the world’s most successful investors, Ray Dalio, which follows up on a post he made a few months ago that I covered here.
I don’t have anything to add to what I wrote last time. What he calls “the world gone mad” I’ve called “Bizarro World” in the past. A world in which interest rates are negative negates the concept of the time value of money, the foundation of finance, without which asset valuation and economic calculation are impossible… Not good for the progress of civilization and therefore the standard of living in the near to intermediate term. Prepare according, buy Bitcoin.
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