There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
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About Ray Dalio
Ray Dalio was a contemporary American investor and hedge fund manager. Raymond Thomas Dalio is an American billionaire and hedge fund manager, who has been co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in his New York City two-bedroom apartment. Read more on Wikipedia →
Themes
- Time — Reflections on the passage of time and how we spend it