No, that's not what the book is about, it's not a book about investing your money today. It's about the history of empires and why they rise or fall. If you think those ideas are wrong, then explain why.
And note that he didn't invent these ideas on his own. They are based on extensive reading of works by experts in the area.
One of the things in the article that feels off is presenting correlations among historic empires by looking through contemporary model view. In their time, those empires were ruled by different models. To give you an example, here is this "currency reserve" thing that he's talking about, and especially the claims about the Dutch empire in that context. AFAK, the "currency reserve" notion itself is pretty new, and to consider the Dutch empire as "world power" is also a stretch, regardless of whatever wonders that may have happened there in its heydays.
Have a look at the Wikipedia article about the Dutch golden age. Calling the "foremost maritime and economic power in the world" a world power doesn't seem a stretch.
You heard it here first folks. The guy who created the largest hedge fund in the world is a moron. You can't build a $160 billion hedge fund by being a moron. You have to be smart, ruthless and well connected. If you want to call him names, then call him greedy, sneaky, etc. Don't call him a moron because it's obviously not true.
> 'Cash is trash' just few weeks before market sellout...
There was also talk of a large short positions to guard against market sell offs.
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[ 4.8 ms ] story [ 36.4 ms ] threadhttps://m.youtube.com/watch?v=tZyWVxGXPHo
https://www.ft.com/content/6addc002-6666-11ea-800d-da70cff6e...
https://www.reuters.com/article/health-coronavirus-funds-bri...
You simply don't hear about guys who do not have track record until they do..
> Jim Grant Is ‘Bearish’ on Bridgewater, Saying Dalio Isn’t Focused on Investing
https://www.bloomberg.com/news/articles/2017-10-05/jim-grant...
And note that he didn't invent these ideas on his own. They are based on extensive reading of works by experts in the area.
You heard it here first folks. The guy who created the largest hedge fund in the world is a moron. You can't build a $160 billion hedge fund by being a moron. You have to be smart, ruthless and well connected. If you want to call him names, then call him greedy, sneaky, etc. Don't call him a moron because it's obviously not true.
> 'Cash is trash' just few weeks before market sellout...
There was also talk of a large short positions to guard against market sell offs.
https://www.cnbc.com/2019/11/22/bridgewater-associates-bets-...
https://www.bloomberg.com/news/articles/2020-03-16/bridgewat...
> and his alpha strategy is to sit out the losses
You do realize that his fund has performed much better than the market right? His "losses" are much smaller than the overall market "losses".
Also, his investment performance has nothing to do with his article about history/geopolitics/wealth/etc.