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I was seeing the confluence of huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values gaps in roughly a century; and the rising of a new world power (China) to challenge the existing world power (the US) and the existing world order. The most recent analogous time was the period from 1930 to 1945. This was very concerning to me.
Principles for Dealing With the Changing World Order
Ray Dalio
Skillful means is a concept in Mahayana Buddhism that emphasizes that a Buddhist practitioner may use his or her own methods or techniques on the path to enlightenment depending on his or her own particular set of circumstances.
No-Nonsense Buddhism for Beginners
Noah Rasheta
People outside Wall Street don’t generally associate the world of finance with creativity, but they should. Orthodox, follow-the-crowd thinking does not work in trading. Most of the legends of finance had some creative insight that took them to another level. Examples include Milken’s idea for high yield “junk” bonds, Paul Tudor Jones and Peter Borish’s idea to overlay past and present chart patterns to predict the crash of 1987, George Soros’ idea of reflexivity, and Ray Dalio’s idea for the All-Weather portfolio which came to be known as Risk Parity.
Alpha Trader
Brent Donnelly
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