3 ms·
So if Dalio is right, what can we do? I'm interested in what others here on HN have to say. My gut feeling is that you are best served creating financial asse
by icu 7y ago
So if Dalio is right, what can we do? I'm interested in what others here on HN have to say. My gut feeling is that you are best served creating financial assets to capture the transfer of wealth and then store that wealth in a non financial asset way, in a location where property rights are completely dependable. Maybe you can do what Buffet is doing and sit on piles of cash, and then just buy everything you want when the market crashes, however there are risks keeping such huge reserves of liquidity, not the least of which is a sudden devaluation of the dollar.