Ray Dalio's Principles - Any Good?

Jason101

Experienced member
1,366 214
I was wondering if anyone has read the Ray Dalio book Principles and if it's any good for trading advice. I believe it may be more for the businesses side and running a hedge fund rather than being useful for trading?
Anyone with any views or recommendations?
Thanks
 
Last edited:

Alfred_1

Newbie
1 0
I'm interested in both forex and stock trading. But I don't understand how the calculations works in to be precise, forex trading. Margin, Lot Size, and Pip values.
How do I go about it. Please I need help. Thanks in advance

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FXX

Experienced member
1,140 195
his principles all revolve around long term and short term debt as his key to determining where cycles are. It is good material but has absolutely no value to day trading but will be useful for long term investments. He has a video on his principles on youtube, check it out.
 

Quantt

Established member
944 57
I was wondering if anyone has read the Ray Dalio book Principles and if it's any good for trading advice. I believe it may be more for the businesses side and running a hedge fund rather than being useful for trading?
Anyone with any views or recommendations?
Thanks
Frankly, I think he is a bit out of his mind, but because he is supper rich, we call him eccentric... if he was a common bloke, he would be plain crazy :)
 

David Knight

Well-known member
401 100
Frankly, I think he is a bit out of his mind, but because he is supper rich, we call him eccentric... if he was a common bloke, he would be plain crazy :)
Well, we have to stick with the paradigm that the controllers prefer.

Part (a large part) of that is rich people get to talk about serious issues that they have no clue about ...just because they are rich. Because, as you suggest, money is more important than intelligence.. or experience...or expertise, or qualifications...or morals...or principals.

If you're rich, you just get to buy the whole debate for a few minutes. That's why Richard Branson is trying to buy the weather. I'm very keen to get his opinion on that. Aren't you? You should be, he owns an Island.

Then people whose jobs depend on it listen politely, conferring acceptance on them, while implying that the rest of us no matter how, ugly supid or repugnant could also be a celebrity and taken seriously, if only we were prepared to screw everybody else over just to make a buck.

The other side of the paradigm is that poor people are usually more useful to the controllers as examples of stupidity.

Dragged out on quiz shows so they can get all questions wrong. That's why there are so many 'scroungers on benefits' reality tv shows.

Just designed to take your minds off the people who screwed you out of all your money and then hid their ill gotten gains offshore.

In these post truth, post intelligence post binary times, one thing remains constant. Bull****.
 

Jason101

Experienced member
1,366 214
Frankly, I think he is a bit out of his mind, but because he is supper rich, we call him eccentric... if he was a common bloke, he would be plain crazy :)
Well, we have to stick with the paradigm that the controllers prefer.

Part (a large part) of that is rich people get to talk about serious issues that they have no clue about ...just because they are rich. Because, as you suggest, money is more important than intelligence.. or experience...or expertise, or qualifications...or morals...or principals.

In these post truth, post intelligence post binary times, one thing remains constant. Bull****.........
Well, the guy is a self made billionaire though trading. And this is a trading website. He started with nothing, he was a caddy from a poor household and started trading at the age of twelve. Now he is one of the richest men in the US.
Why would you assume there is nothing to take from his views and approaches?
 

Quantt

Established member
944 57
Well, the guy is a self made billionaire though trading. And this is a trading website. He started with nothing, he was a caddy from a poor household and started trading at the age of twelve. Now he is one of the richest men in the US.
Why would you assume there is nothing to take from his views and approaches?
Well, well, I do not dispute the fact that he is probably a very smart man and self made billionaire, but reading trough his manifesto and his extreme transparency ideas, not only there is nothing to be learned by the retail trader but he is coming off really should we say "bat**** eccentric"
 

Jason101

Experienced member
1,366 214
I recon you got to be a bit mad in this world to do anything abnormal like rags to billionaire.
 

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