Ray Dalio

Beliefs Korrents

• What they believeKorrents 6 beliefs — each backed by an exact quote.

  Each is a korrent — compiled by korrents.com, not by them: the one-line wordings are korrents', the quotes are theirs.

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  • A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.

    The debt dynamics work the same for a central government as they do for a person or a company, except that a central government has a central bank that can print money (which devalues it) and it can take money away from people via taxes.

    How Countries Go Broke: The Dynamic Behind What is Happening Now Said 21 Aug 2026

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  • A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.

    Because one can measure these things, one can monitor this debt dynamic happening, so it’s easy to see problems approaching. I’ve used this diagnostic process in my investing and I’ve kept it to myself, but I’m now explaining it in detail in How Countries Go Broke: The Big Cycle because it is too important to keep to myself.

    How Countries Go Broke: The Dynamic Behind What is Happening Now Said 21 Aug 2026

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  • The late stage of the Big Debt Cycle shows itself as long rates leading rates up, the currency falling against gold, and the treasury shortening maturities.

    Early in the final stage of the Big Debt Cycle, the market action reflects this dynamic via interest rates rising led by long-term rates, the currency declining especially relative to gold, and the central government’s treasury department shortening the maturities of its debt offerings because of a shortage of the demand for long-term debt.

    How Countries Go Broke: The Dynamic Behind What is Happening Now Said 21 Aug 2026

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  • Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little.

    I know through my experiences that even the most advanced artificial intelligences don’t have adequate enough insights to allow one to blindly follow them and that unique human understanding and insights are still invaluable, and that that is especially true in investing where value-added is a zero-sum game (so that, when it comes to adding value, what is widely known is of little value.)

    Principled Thinking and AI Need to Go Together Said 10 Jun 2026

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  • Decision criteria have to come from logical cause-and-effect understanding, not from data-mining what worked before, and not from asking an AI what to do.

    To be clear, these criteria are not best derived by looking at what would have worked in the past and assuming that it will work in the future—i.e., data mining—or simply asking an AI what to do. They are based on logical understandings converted into decision-making systems.

    Principled Thinking and AI Need to Go Together Said 10 Jun 2026

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  • Systematising principled decision-making with AI is now the line between staying competitive and not; there is no position in between.

    What this process can now do in creating understanding of the timeless and universal cause:effect relationship and enhancing and systemizing whatever one is thinking is mind-blowing. I believe that you will either stay at the cutting edge of doing this or you will be uncompetitive.

    Principled Thinking and AI Need to Go Together Said 10 Jun 2026

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  All 6 beliefs →

• Everything, newest firstFeed Videos and posts from the cards above, in one stream.

  • WHAT IS TRANSCENDENTAL MEDITATION | Ray Dalio on My First Million Podcast 2 Sept
  • BUILDING BRIDGEWATER FROM NOTHING 1 Sept
  • A Clear and Classic Big Test of U.S. Power 31 Aug
  • Elon Musk's Plan For Mars 31 Aug
  • How Countries Go Broke: The Dynamic Behind What is Happening Now 21 Aug
  • Different Strengths | Different Weaknesses 7 Aug

  Show 21 more

  • Past the Point of No Return 31 Jul
  • #Stagflation Explained 23 Jul
  • Ray Dalio Explains Debt Cycles 22 Jul
  • Master What You Can Control 20 Jul
  • Turning Failure Into Success 9 Jul
  • Want To Speak With Me? Try My Digital Twin 8 Jul
  • My Reflections on July 4th as America Turns 250 6 Jul
  • The 4th of July 250 Years Later 4 Jul
  • Principles Behind 250 Years Of American Success 3 Jul
  • The Tribute System: The New World Order 18 Jun
  • Investment Principles: What Should You Do Under Existing Conditions? 15 Jun
  • Principled Thinking and AI Need to Go Together 10 Jun
  • Why I Recommend Being a Global Macro Long-Short Investor 4 Jun
  • Long Island University Commencement Speech 18 May
  • The Big Thing: We Are In A World War That Isn’t Going To End Anytime Soon. 7 Apr
  • The Concept and Mechanics of an All Weather Portfolio 23 Mar
  • It All Comes Down to Who Controls the Strait of Hormuz: The “Final Battle" 16 Mar
  • Investing In Light Of The Big Cycle 24 Feb
  • It’s Official: The World Order Has Broken Down 23 Feb
  • What I Have For You 19 Feb
  • 2025 19 Feb