Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 06-19-2021, 01:31 PM   #21
Recycles dryer sheets
Join Date: Sep 2020
Posts: 69
Originally Posted by Lsbcal View Post
I guess what I was thinking in that last sentence above is not to have too fixed a mixture of asset classes. Not to be trying too hard to pick longer term winners. For instance, although I allocate about 30% currently to international this allocation is provisional. I would select from these choices (1) international small, (2) international large, or (3) the SP500.


I am not suggesting this as everyone's cup of tea. Just as an example of not having too fixed of a world view. Many want a fixed mix (set and forget) and that could work too.
OK thank you for clarifying; that makes a lot of sense! I guess that means I'm also dipping my toes into the 'flexible asset allocation' waters
ZachTB is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-19-2021, 01:33 PM   #22
Recycles dryer sheets
Join Date: Sep 2020
Posts: 69
Originally Posted by Navigator View Post
Ray Dalio strikes me as a dilettante who has not done his homework. There are professional economists and historians who spend their careers looking at the questions he asks, but he does not refer to any of their previous work. Civilizations fall when they become increasingly complex. These complex societies are then hit with a series of disasters that the system cannot handle. For example, the US has survived the COVID pandemic and the resulting disruption in trade. If the super volcano in Yellowstone had erupted at the same time, it might not have. When one economic power is eclipsed by another, that is not necessarily a bad thing. For example, the US surpassed the UK as the major economic and political world power in the early 20th century. The UK has greatly prospered since then.

Ray Dalio may be smart, but I wish he took into account and the collective knowledge of many other smart people who have studied these questions for their entire careers.
In the book itself, Dalio did say that he ran his ideas past several historians and he made revisions based on their notes. Perhaps he just wasn't talking to the right people!
ZachTB is offline   Reply With Quote
Old 06-19-2021, 01:40 PM   #23
Recycles dryer sheets
Join Date: Sep 2020
Posts: 69
Originally Posted by Markola View Post
Who says being an empire is the objective of history?
I hope I didn't communicate that impression!

It's more along the lines of Dalio's observations that when an empire falls, it's rarely pretty. I believe he said it was the Netherlands that handled the decline as well as it could be handled, but I could be wrong.

Anyway, he described many cases throughout history where the decline was pretty painful, in economic terms and/or in terms of human suffering (typically a war between the current power and a rising challenger).
ZachTB is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why in the World Would You Own Dollar Debt? - Ray Dalio kevink FIRE and Money 45 03-30-2021 11:03 AM
Ray Dalio outlook for finance Running_Man Active Investing, Market Strategies & Alternative Assets 19 11-12-2019 08:02 AM
Worthwhile article by Ray Dalio kevink FIRE and Money 98 08-05-2019 07:40 AM
Interesting Commentary by Ray Dalio RenoJay FIRE and Money 26 01-08-2019 09:30 AM
Ray Dalio, Chief Investment Officer, Bridgewater Associates Hal3 FIRE and Money 0 02-13-2009 09:49 AM

» Quick Links

All times are GMT -6. The time now is 10:19 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.