I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people.
From Ray Dalio
The world is still in deleveraging.
The big question is: When will the term structure of interest rates change? That's the question to be worried about.
It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.
Almost everything is like a machine.
So how does the machine work that you have a financial crisis? How does deleveraging work - what is the nature of that machine? And what is human nature, and how do you raise a community of people to run a business?
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