I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

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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 →

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