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Ray Dalio may be a slimeball, but he's not wrong about macroeconomics. Someone wants you to not like him and not listen to his advice.

piva00 3y ago
Or someone just wants to tell the world he's a fucking slimeball. It doesn't need a larger conspiracy, sometimes just selling a compelling story can be enough.
beebmam 3y ago
This is easy to rebut. He is wrong about macroeconomics. But that's because every macroeconomic theory is wrong by design. It is impossible to come up with a macroeconomic model that perfectly describes reality because economic realities are far too complex to be modelled. That doesn't mean there is zero truth or value to these models, but it means they are certainly wrong, and that is is healthy to approach all macroeconomic analysis with a critical mind.
- toomuchtodo 3y ago
  And some emotional models attempt/desire to attribute skill to what was luck, converting that to status. If you’re wealthy, what else do you have left to chase? You can't buy it, but the money helps (Michael Bloomberg spent $900M attempting to become POTUS and still failed [1], for example). [1] https://thehill.com/homenews/campaign/488767-bloomberg-spent-over-900-million-on-presidential-campaign/ https://thehill.com/homenews/campaign/488767-bloomberg-spent...
- keep_reading 3y ago
  You're correct, it is impossible to design a model which is why we need to kill the central banks as they think they do have a model that is trustworthy.
jackcosgrove 3y ago
I tried to understand his money pump model, but could not. On the other hand I can better understand neoclassical macroeconomic models. Maybe Ray's model is going over my head, but at this point I would trust what is taught in the textbooks rather than what Dalio says whenever the two diverge.
cko 3y ago
Here's a rebuttal of his analysis on China, for example: https://www.youtube.com/watch?v=s1iv0q_SW3E https://www.youtube.com/watch?v=s1iv0q_SW3E
rurp 3y ago
There's no need for conspiracy theories when there's a clear and mundane explanation. The PR push for a new book generated a lot of interest which has resulted in a number of articles and conversations. That's it. At some point the cycle will move on and attention on Dalio will settle back near the level it was at a year ago.

piva00 3y ago

Or someone just wants to tell the world he's a fucking slimeball. It doesn't need a larger conspiracy, sometimes just selling a compelling story can be enough.

beebmam 3y ago

This is easy to rebut. He is wrong about macroeconomics. But that's because every macroeconomic theory is wrong by design. It is impossible to come up with a macroeconomic model that perfectly describes reality because economic realities are far too complex to be modelled. That doesn't mean there is zero truth or value to these models, but it means they are certainly wrong, and that is is healthy to approach all macroeconomic analysis with a critical mind.

toomuchtodo 3y ago
And some emotional models attempt/desire to attribute skill to what was luck, converting that to status. If you’re wealthy, what else do you have left to chase? You can't buy it, but the money helps (Michael Bloomberg spent $900M attempting to become POTUS and still failed [1], for example). [1] https://thehill.com/homenews/campaign/488767-bloomberg-spent-over-900-million-on-presidential-campaign/ https://thehill.com/homenews/campaign/488767-bloomberg-spent...
keep_reading 3y ago
You're correct, it is impossible to design a model which is why we need to kill the central banks as they think they do have a model that is trustworthy.

jackcosgrove 3y ago

I tried to understand his money pump model, but could not. On the other hand I can better understand neoclassical macroeconomic models. Maybe Ray's model is going over my head, but at this point I would trust what is taught in the textbooks rather than what Dalio says whenever the two diverge.

cko 3y ago

Here's a rebuttal of his analysis on China, for example: https://www.youtube.com/watch?v=s1iv0q_SW3E https://www.youtube.com/watch?v=s1iv0q_SW3E

rurp 3y ago

There's no need for conspiracy theories when there's a clear and mundane explanation. The PR push for a new book generated a lot of interest which has resulted in a number of articles and conversations. That's it. At some point the cycle will move on and attention on Dalio will settle back near the level it was at a year ago.