The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Dalio: The profit system alone does not direct resources adequately
“The profit system alone does not direct resources adequately.”
Ray Dalio: Sovereign debt is unattractive during supply-demand imbalances
“In either case, you don't want to hold that debt, because either there's a debt service problem, or there's a depreciation, you get paid back with a greater supply and cheaper Money, and that is the dynamics, and that's the mechanism”
Dalio: Expensive great companies are worse investments than cheap bad companies
“A great company that gets expensive is much worse than a bad company that's really cheap.”
Dalio: Losing the technology war means losing the military war
“You can't lose the technology war because you'll lose the military war.”
Dalio: Global empires cycle over 250 years with 10-20 year transitions
“As you can see, they transpired in overlapping cycles that lasted about 250 years, with 10 to 20 year transition periods between them.”
Dalio: Superpower transitions are typically periods of major conflict
“Typically, these transitions have been periods of great conflict, because leading powers don't decline without a fight.”
Ray Dalio advises investors to hold 5% to 15% in gold
“If you didn't know what gold was likely to do, and you had no view on gold, one should have between five and 15% of their portfolio in gold because of the fact of how it works with the other components.”
Dalio: People do not realize that taxes and tariffs act as inflation
“People don't think of taxes as inflation, but taxes are inflation.”
Dalio: The biggest debt crisis red flag is bondholders dumping supply
“The key spot is when the debt service becomes large, and then, like, the real red flag, the biggest red flag, is when there's then the selling of the debt beyond the new supply, but the holders of it sell it, and then you can see it in the market action, becau…”