Выбор редакции
12 сентября, 10:54

Новая книга Рея Далио

Отличное выступление Рея Далио на CNBC вчера. Он представил свою новую книгу «Большой долговой кризис. Шаблон для понимания». PDF можно бесплатно скачать, зарегистрировавшись через почту на его сайте. Ждет следующий циклический кризис в следующие два года. Перевел активы своего фонда Bridgewater в защитную позицию. Английский язык.

27 марта, 03:31

Далио: торговые и другие войны

Основатель крупнейшего в мире хедж-фонда Bridgewater Associates, миллиардер Рэй Далио заявил о том, что администрация Трампа идет по пути обострения торговых отношений, которые "могут стать частью крупного надвигающегося конфликта".

27 марта, 03:31

Далио: торговые и другие войны

Основатель крупнейшего в мире хедж-фонда Bridgewater Associates, миллиардер Рэй Далио заявил о том, что администрация Трампа идет по пути обострения торговых отношений, которые "могут быть частью крупного надвигающегося конфликта".

18 марта, 18:05

Yes review – prog-rock giants take virtuosic tour through golden oldies

Bridgewater Hall, ManchesterThe rock warriors celebrate their 50th anniversary with a show of 70s hits and Spinal Tap-style howlers‘And on drums … Jay Leno!” yells Yes guitarist Steve Howe, wrongly introducing his band’s drummer (former Asia stickman Jay Schellen) by the name of a very famous TV host. The Spinal Tap-type howler is understandable given that the 1970s and 80s prog-rock giants have been through 19 members and have ended up as two touring incarnations. There’s Yes featuring (original singer) Jon Anderson, Trevor Rabin and Rick Wakeman. Then there’s this one, kept going (after founding bassist Chris Squire’s death in 2015), by guitarist Howe and drummer Alan White, whose back surgery has left him unable to perform for long. The rival band have branded them a tribute act, although flowing-haired singer Jon Davison (who once was in a Yes tribute act called Roundabout) doesn’t need his tight trousers to help tackle his predecessor’s angelic upper ranges. Continue reading...

12 марта, 08:00

China Reveals Largest Defense Budget In Three Years

China’s government has been relatively vocal in transforming itself into a serious threat against the West — by modernizing its military in anticipation of future wars with Washington. It it therefore not surprising when the official Xinhua news agency reports that China will increase its defense budget by 8.1 percent in 2018, up marginally from last year’s 7 percent. China has undoubtedly given America’s military-industrial complex and clueless politicians in Washington a stern message, by increasing its defense budget to the highest levels in more than three years, even as the country insists it does not mean harm. According to the annual budget report, submitted to the first session of the 13th National People’s Congress Monday, the 2018 defense budget will be 1.11 trillion yuan (approximately 175 billion U.S. dollars). In 2017, the country spent roughly 1.02 trillion yuan (approximately 161.87 billion dollars) on its military budget in 2017, or about 1.3 percent of its gross domestic product (GDP). The United States is the only country that outpaces China in defense spending, with the Pentagon’s expenditures exceeding four times Beijing’s, according to the latest report of the 2018 Military Budgets via the London-based International Institute for Strategic Studies (IISS). In a speech at an annual Meeting of China’s National People’s Congress, Premier Li Keqiang suggested the country faced “profound changes in the national security environment,” requiring a stronger military. As we stated before the conference, geopolitical strategists are concerned about President Xi Jinping aggressive military buildup and power grab, which has put Beijing on a crash course for military conflict with Washington. “In the Asia-Pacific, the dominant role of the United States in a political and military sense will have to be readjusted,” said Cui Liru, former president of the China Institutes of Contemporary International Relations, a think tank under the Ministry of State Security that often reflects official thinking. “It doesn’t mean U.S. interests must be sacrificed. But if the U.S. insists on a dominant role forever, that’s a problem.” Cui added that it was “not normal for China to be under U.S. dominance forever. You can’t justify dominance forever.” “China’s military objective is to break through the first chain of islands,” said Mr. Cui, referring to the waters beyond Japan and Taiwan where the Chinese military wants to establish a presence. -NYT According to the latest research from Stockholm International Peace Research Institute, China defense spending is around 1.9 percent of gross domestic product in 2016, when compared to 3.3 percent for the United States. National Public Radio (NPR) signals that the increased military budget comes as the National People’s Congress scraps constitutional term limits for President Xi Jinping: “The new military budget comes as the NPC abolishes term limits for China’s President Xi Jinping, a move that hearkens back to the era of autocratic rule under Mao Zedong and was signaled in October when Xi broke with precedent and failed to name a successor at China’s Communist Party Congress. ASIA USS Carl Vinson Will Spend The Next Few Days In Da Nang, Vietnam. It also comes amid increased tension with the U.S., as Washington beefs up its naval presence in the South China Sea and Beijing has shown an increasing willingness to flex its muscles there, much to the chagrin of many of its maritime neighbors.” Xinhua cites Major General Chen Zhou, a research fellow at the Academy of Military Sciences affiliated with the People’s Liberation Army (PLA) as stating: “Steady and appropriate growth of defense spending is necessary because the Chinese armed forces have been modernizing to keep up with the country’s development. A large part of the increased spending is for upgrading equipment, supporting military reforms and improving the welfare and training conditions of servicemen and women.” As we have noted before, China has set many goals to complete the modernization of its national defense and armed forces in the coming decades and transform its military into a world-class war machine by the mid-21st century. In the past few years, China has been rapidly modernizing its armed forces that will enhance its equipment, tactics, technology, and combat readiness for the next conflict. Recently, the country has been vocal in its rollout of stealth jets, hypersonic aircraft and weapons, rail guns, and militarized islands. “China’s emerging weapons developments and broader defense-technological progress mean that it has become a global defense innovator,” says Dr. John Chipman, Director-General and Chief Executive of the London-based International Institute for Strategic Studies (IISS). “[While] a great power war is not inevitable, states are systematically preparing for the possibility of conflict,” he said, adding that China’s “land and naval forces are modernizing and progress in defense aerospace remains remarkable.” * * * * Following Trump's initiation of a trade war, China is preparing to retaliate to Trump’s proposed new tariffs. Bridgewater Associates founder Ray Dalio said Monday that a trade war is avoidable, but “tit-for-tat escalations” could be harmful to the global economy. “It seems to me that good deals are to be had for both countries, while a trade war has the risk of tit-for-tat escalations that could have very harmful trade and capital flow implications for both countries and for the world,” Dalio wrote in a LinkedIn blog titled “A US-China Trade War Would Be a Tragedy.” Nevertheless, perhaps now we understand why China is modernizing its military, because after trade wars comes hot wars…

08 марта, 21:41

Bridgewater Head Of Research: The Public Perception Of Our Euro Short Is "Extremely Misleading"

Last month, Ray Dalio's Bridgewater added fuel to the vol implosion flames when it emerged that his publicly disclosed European short basket had grown to a massive $22 billion (shown below), making it the largest known short bet by the world's biggest hedge fund. It also prompted substantial defensive commentary by European politicians and asset managers who warned that Dalio will be proven wrong on his bearish take of Europe (so far he has been spot on). Meanwhile, others have noted that without knowing the bigger picture, or what strategy this particular bearish bet was part of, it was impossible to guess what Dalio's true intentions were vis-a-vis Europe's largest corporations. Today, the head of investment research at Bridgewater, had had enough, and said the perception of the firm’s recent wagers against certain European equities is all wrong. Speaking on Bloomberg TV, Karen Karniol-Tambour said that "the public perception of our bets is extremely misleading. We take views on a whole range of markets and implement them through a whole range of instruments, and anything that’s disclosed is actually a very, very small subset of those instruments in those markets where we have disclosure requirements.” Bridgewater Co-CIO Bob Prince with Karen Karniol-Tambour This lends credence to the view that the short, which has over the past month declined to $19.65BN, is likely part of a larger pair trade, which is not necessarily bear and may in fact be directionally agnostic. However, nobody really knows what Bridgewater is thinking, as only Bridgewater clients and executives (a very small handful of them) are privy to the firm’s full range of investments, which as Bloomberg notes, may include long positions that it hasn’t had to disclose. It also may have purchased call options or used other derivatives to make sure it benefits from positive developments in the Eurozone. “Understandably, you’re looking at a very, very thin slice that doesn’t really represent the holistic set of positions, and often it’s just one side of a trade, and so you’re really seeing something that gives a misleading picture of what our views really are,” said Karniol-Tambour. Translated: Bridgewater would really like for you to stop talking about its $20BN gross short which, when all is taken into account, is likely really a long. Or maybe not; nobody knows. After all, if Ray Dalio has demonstrated anything this year, it has been a tremendous ability to flip-flop on strong positions, first mocking cash holders just as the market hit all time highs, saying they would "feel pretty stupid" only to recant two weeks later after the biggest market crash in years, stating in a blog post  that "everything changed."

06 марта, 12:57

Далио: торговая война Трампа - это политическое шоу

Недавно объявленные президентом Трампом тарифы на импорт стали и алюминия стоит воспринимать с некоторой долей скептицизма, отметил миллиардер Рэй Далио, основатель крупнейшего в мире хедж-фонда Bridgewater Associates.

06 марта, 12:57

Далио: торговая война Трампа - это политическое шоу

Недавно объявленные президентом Трампом тарифы на импорт стали и алюминия стоит воспринимать с некоторой долей скептицизма, отметил миллиардер Рэй Далио, основатель крупнейшего в мире хедж-фонда Bridgewater Associates.

06 марта, 11:20

Торговая война пока больше напоминает `политическое шоу': Далио

(Bloomberg) -- Рэй Далио, управляющий крупнейшим в мире хедж-фондом в Bridgewater Associates, говорит, что последствия предложенных президентом Дональдом Трампом пошлин "будут очень незначительными" для торговли между США и Китаем."Я считаю, что происходящее сейчас больше напоминает политическое шоу, чем реальные угрозы, - написал Далио в посте...

06 марта, 11:19

Markets bounce back as fears over Trump trade wars ease - business live

All the day’s economic and financial news, as investors hope that a global trade war can be avertedIntroduction: Hopes rise that Trump will cut a deal on tradeVolvo: Trade war could cost US jobsEuropean markets up in early tradingPaul Flowers banned from the CityBrewDog launches beer for girlsFull story: Global alarm bells sound over full-blown trade war 10.16am GMT Craft beer group BrewDog is facing a backlash this morning after launching a new beer for female drinkers dubbed Pink IPA.It’s their normal Punk IPA, but bottled in a pretty pink label. It’ll be sold at a 20% discount in BrewDog bars to those who identify as women - to highlight the gender pay gap. “Sexism in the beer industry is rife. We can no longer ignore that its existence prevents plenty of incredible women joining our eclectic and exciting industry. There is a long history of products that pander and patronise through harmful, sexist stereotypes and vulgar imagery, and we’re rallying to put an end to this nonsense.The love of beer is not gendered. Beer is universal. Beer is for everyone.” This is not ‘beer for girls’. This is beer for equality. Pink IPA has landed.https://t.co/MRWnqaADXg pic.twitter.com/J9Kk4khk1hI’m a huge @Brewdog fan but oh dear me.... https://t.co/7o4f9HugazAh, I see BrewDog is now that lad from your A-level politics class who makes "get back in the kitchen" jokes but it's OK because he's being "ironic" and is actually a "feminist" pic.twitter.com/F9xiK7xRJxDamn, that's some lazy, low-level trolling BrewDog. https://t.co/QJ9ry8C7BiReally brave and clever stuff from everyone’s favourite craft brewer BrewDog - nice! https://t.co/11Q52aO2Xx 10.01am GMT Newsflash: The UK government has launched an investigation into the way the Co-operative Bank was regulated in the aftermath of the financial crisis.The probe will focus on Co-op’s failed attempt to take over more than 600 branches from Lloyds. That bid collapsed in early 2013 when the problems on Co-op’s balance sheet came to light.The British government on Tuesday asked the Prudential Regulation Authority (PRA) to investigate its oversight of Cooperative Bank, in an independent review aimed at shedding light on how the troubled lender was supervised during 2008 and 2013.It said the investigation would focus on the Cooperative Bank’s failed bid for 632 branches of Lloyds Banking Group in 2013. Continue reading...

05 марта, 18:06

Ray Dalio: "A US-China Trade War Would Be A Tragedy"

With fears that the surge in anti-establishment parties in Italy could result in another Euroskeptic government, this time affecting Europe's 4th largest economy and reincarnating the specter of "Italeave", suddenly Ray Dalio's bearish bet on Europe, which as of a month ago amounted to $22 billion... ... makes much more sense. In which case one wonders if the manager of the world's largest hedge fund is also starting to aggressively short the US, following his publication moments ago of a LinkedIn blog post in which he warns that a "US-China trade war would be a tragedy" noting that while good deals are to be had for both countries, "a trade war has the risk of tit-for-tat escalations that could have very harmful trade and capital flow implications for both countries and for the world." Needless to say, Dalio is clearly conflicted, and is motivated in preserving the status quo with Beijing due to his extensive prior history with Beijing and cross-holdings in China. Overnight the SCMP published "The US billionaire investor treated like a rock star in China …" in which it wrote the following: US billionaire investor Ray Dalio has attracted massive publicity over the past week in China with a gala event in his name in Beijing, an interview with state television and lines from his latest book widely shared on social media. The popularity of Dalio comes after four decades of links to China’s economy. He first set foot on Chinese soil in 1984 when he was invited by the Chinese state conglomerate Citic, to teach China – then a relative economic Communist backwater eager to learn from market economies – how financial markets work. The 68-year-old American billionaire, whose fund now manages about US$160 billion in assets, took to the stage like a rock star on Tuesday, addressing hundreds of Chinese financial professionals and researchers in a packed room at the Grand Hyatt Beijing. His speech was live-streamed on a number of Chinese media platforms. A group of China’s most renowned economists – including Zhu Min, a former deputy central bank governor, and Qian Yingyi, dean of the school of economics and management at Tsinghua University – showered praise on Dalio and his ideas. Which is why, Dalio's is hopeful that Trump is, in typical style, exaggerating: "I think and hope that both sides know this, and I believe that what is happening now is more for political show than for real threatening." The reason for this is that "the actual impacts of the tariffs that have been announced on the US-China trade balance will be very small." Still, "if tariffs are imposed as indicated, I would hope and expect the Chinese response to be small and symbolic so that both sides will have rattled their sabers without actually inflicting much harm." However, Dalio concludes that "what will come after that will be more important. I wouldn’t expect it to amount to much anytime soon. If on the other hand we see an escalating series of tit for tats, then we should worry." "We"... maybe. Bridgewater, on the other hand, certainly as a result of the hedge fund's prevailing bullish bet on the global economic recovery and "beautiful" deleveraging, or principles, or growth, or something. Unless, just like in the case of Europe, Dalio has been quietly building up a substantial short bet in preparation for just this worst-case contingency. * * * Dalio's full note below (source link): A US-China Trade War Would Be a Tragedy The markets’ reactions to newly imposed tariffs and, more importantly, the possibility of a US-China trade war convey appropriate tip-of-the-iceberg concerns of what a trade war would mean for the US, China, and world economies and markets. To me, these concerns are reminiscent of the markets’ first reactions to the possibility of a military war with North Korea—i.e., the seemingly aggressive posture of Donald Trump conjures up pictures of war that are very scary, so the markets react, but that doesn’t mean that such a war is likely (at least in the near term). While I’m not a geopolitical analyst, here’s my thinking based on the time I’ve spent in both the US and China. Take it with a grain of salt. The Chinese way of negotiating is more through harmony than through confrontation, until they are pushed to have a confrontation, at which time they become fierce enemies. They are more long-term and strategic than Americans, who are more short-term and confrontational, so how they approach their conflicts is different. The Chinese approach to conflict is more like playing Go without direct attack and the American approach is more like playing chess with direct attack. The Chinese prefer to negotiate by finding those things that the people they are negotiating with really want and that the Chinese are comfortable giving up, in exchange for those people they are negotiating with doing the same. Because there are now many such things that can be exchanged to help both parties (e.g., opening the financial sector in China, Chinese investment in the US, agricultural product imports to China, etc.), there is plenty of room for there to be big win-wins. For these reasons, it’s in the Trump administration’s interests to make clear what it wants most and, if they can’t do that, to not be aggressive until they figure out what beneficial exchanges are. Of course, trade is extremely complex because there are all sorts of interconnections globally, so being clear without adequate time and exchanges of thinking isn’t easy. However, as important as the real trade issues is politics, which is especially important at this very political moment in both countries (i.e., ahead of “elections”). Politics can make politicians act tougher than they should be if they were operating solely in their country’s best interests because looking tough with a foreign enemy builds domestic support. Politically for Donald Trump, two of his three biggest strongman promises were 1) to build the wall with Mexico and 2) to reduce the trade deficit with China, by getting tough with them both. Xi Jinping has similarly made commitments to be strong in dealing with adversaries, including the US. For these reasons, it seems to me that good deals are to be had for both countries, while a trade war has the risk of tit-for-tat escalations that could have very harmful trade and capital flow implications for both countries and for the world. At the same time, I think and hope that both sides know this, and I believe that what is happening now is more for political show than for real threatening. The actual impacts of the tariffs that have been announced on the US-China trade balance will be very small. If tariffs are imposed as indicated, I would hope and expect the Chinese response to be small and symbolic so that both sides will have rattled their sabers without actually inflicting much harm. What will come after that will be more important. I wouldn’t expect it to amount to much anytime soon. If on the other hand we see an escalating series of tit for tats, then we should worry.  

Выбор редакции
05 марта, 14:48

Bridgewater Bancshares sets terms for IPO, to raise up to $54.7 mln

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Выбор редакции
27 февраля, 22:10

Minnesota Vikings To Let Teddy Bridgewater Hit Free Agency, Will Look To Sign Kirk Cousins

News that the Minnesota Vikings will let Teddy Bridgewater hit free agency coincides with reports that the team will chase after Pro Bowl quarterback Kirk Cousins in free agency.

27 февраля, 17:24

Dalio: Central Banks Will Struggle When "Goldilocks" Ends In A Year Or Two

After flipping to a considerably more bearish view on where developed markets are in the business cycle earlier this month following the spike in average hourly wages, when he commented that everything had apparently changed in just a few days, Bridgewater founder Ray Dalio on Tuesday said during an interview with Bloomberg that central banks, most notably the Federal Reserve and ECB, will enjoy another year of two of the "goldilocks" scenario of strengthening growth and low inflation. “We are in the Goldilocks part of the cycle, where it’s not too hot and not too cold,” he said. “We have growth and we don’t have an inflation problem. That’s the beautiful part of the cycle." But after that period is over, they will struggle to balance growth and inflation, adding that the US is further ahead in the economic cycle than Europe. The importance of getting policy just right during this shift will leave room for a dreaded policy error. "Should we be concerned about inflation? I'd ask you - because it's too low or because it's too high? Isn't it a funny question. There was a lot of concern that it was too low. Should we be concerned that it's too high? We're still struggling to get to 2%. "In Europe is it a problem that there's too much inflation, or too little inflation, I don't know - you never get it perfect but it's pretty good so I'm not concerned. What I am concerned about is, as we get into the later parts of the cycle, the challenge for central banks will be to get it perfectly." "When we have growth and we don't have an inflation problem, that's the beautiful part of the cycle. As we move into the later part of the cycle, which we're moving toward, the breaks start to get applied." In Europe, Dalio expects the European Central Bank will wind down quantitative easing, but might wait to act on interest rates. Dalio famously said during a speech at Davos in January that investors holding cash would be left "feeling pretty stupid" thanks to the combination of low inflation and strengthening growth that is creating a "just right" scenario for markets, adding that economic growth is in the late stage of the cycle, but could still continue improving for another year or two. In a declaration that is puzzling considering Bridgewater's massive Europe short, Dalio expressed admiration for ECB chief Mario Draghi and the European economy more generally - applauding central bankers for guiding it through a "beautiful deleveraging". Draghi, Dalio said, should be "congratulated" for steering Europe through the financial crisis. Notably, Dalio declined to answer questions about Bridgewater's recent $22 billion bet (it has since shrunk modestly) against some of the Continent's biggest companies - a position that has increased from a "tiny" $700 million position in October. As a reminder, here's a breakdown of the companies Dalio is betting against (the number may have changed modestly): The European economy is coming off its best annual growth in a decade. Earlier today, Bundesbank President Jens Weidmann said the ECB could end its massive quantitative easing program - which it has been slowly tapering for a year now - by the end of 2018. He also said a rate hike in 2019 isn't out of the question, per Reuters. And here are Bridgewater's biggest positions: Of course, for all we know, Bridgewater could also have a substantial long position open in Europe via options and other alternatives to equities that regulators wouldn't require it to disclose. Some traders have suggested that Bridgewater's short could be part of a broader macro strategy to bet against global companies that are heavily reliant on their US business - which could be disrupted by the Trump administration's crackdown on trade. Earlier this month, Dalio and Bridgewater co-head of equity sales Bob Prince offered a surprisingly bearish take on market complacency, saying he expected this month's shakeout to continue for the foreseeable future. Dalio later chimed in, writing a LinkedIn post where he declared that everything had changed in the past 10 days. Watch the full Dalio interview below:

26 февраля, 16:12

Zacks Investment Ideas feature highlights: Alibaba, NVIDIA, Edwards Lifesciences, Sangamo Therapeutics and bluebird bio

Zacks Investment Ideas feature highlights: Alibaba, NVIDIA, Edwards Lifesciences, Sangamo Therapeutics and bluebird bio

26 февраля, 13:39

Macro Briefing: 26 February 2018

China lays groundwork for Xi Jinping to hold presidency indefinitely: WaPo Mexico’s president cancels White House visit after call with Trump: LA Times Treasury yields dip ahead of new Fed chief’s first congressional testimony: MW Peter Navarro, a trade skeptic in the White House, is promoted: NY Times Buffett: patience is required in a world of high-priced […]

25 февраля, 17:10

Принципы Рэя Далио....

Это не начало и не конец… просто читаю Рэя Далио (Principles) и конспектирую для себя некоторые моменты из книги. Глава 5 * Самый крутой успех в бизнесе — это когда вы можете организовать компанию так, чтобы она делала крутые штуки без вашего участия. Уровень вниз — это когда вы делаете крутые штуки сами. И самое днище — это когда вы сами делаете дела хреново и сами. * В долгосрочке экономическая машина более мощна и живуча, чем любая политическая система * Привлекать к себе много внимания, будучи успешным — плохая позиция * Многие люди имеют эмоциональные барьеры, чтобы честно взглянуть на свои проблемы и слабости * Многие люди соглашаются с Принципами на уровне логики, но не могут это конвертировать в эффективное действие, т.к. их привычки и эмоциональные барьеры сильнее чем их мотивация. * Моя стратегия по персоналу: постоянно нанимать, тренировать, тестировать, увольнять или двигать дальше. Это позволяет быстро определять исключительных людей и избавляться от ординарных. Глава 6 * Я делаю вещи методом проб и ошибок, смотрю что я сделал неправильно, и так вырабатываю новые принципы. * Я сделал полное исследование прошлых рецессий и сформировал модель рецессий, что помогло мне понимать разницу между ними. * Далио изучал истории успеха многих успешных людей (в настоящем и прошлом). * Я общался с многими бизнес-революционерами (сам он их называет «Shapers»), и пришел к выводу что у них есть общее: все они мыслят независимо, не позволяют никому стоять на пути к достижению их цели, у них есть очень сильные ментальные карты относительно того, как все должно быть устроено. Кроме того, они очень выносливы, потому что мотивация достичь воображаемого у них выше, чем боль разочарований в процессе достижения этого. Как правило, у этих людей более широкий кругозор, чем у большинства. Они одновременно креативны, системны и практичны. * люди одного типа, поставленные в одни условия будут производить одинаковые результаты * хорошие привычки происходят из мышления на основании правил (принципов). Правильное мышление происходит из понимания фундамента, на котором строятся эти правила (принципы). * В 2010 Bridgewater обнаружили что в Европе бахнет кризис (изучая сколько бондов могут купить инвесторы и сколько должно быть продано). Принесли цифры в МВФ. А там над ними поржали и забили болт. Тоже самое кстати сделали и политики в США до 2008 года. * Все человеческие тела функционируют одинаково, так же одинаково работают и экономики в разных странах. Болезни поражают тела независимо от их национальности, так и экономические проблемы поражают страны. * Именно Далио встречался с управляющими ЕЦБ, министрами финансов Европы, объясняя им, почему печать денег не вызовет всплеска инфляции в Европе. * Далио сделал 30-минутный ролик о том, как Работает экономическая машина, потому что на тот момент (2015) мало кто (даже в ЕЦБ и МВФ) в принципе догонял как на самом деле работает экономика и принятие важных экономических решений сильно затягивалось. * Еще до того, как я стал богачом, я решил, что мои сыновья должны иметь лишь достаточно для того, чтобы получить образование, медицинские услуги и начальный импульс, чтобы начать свои карьеры. Я сам добился всего, это научило меня бороться и сделало меня сильным. Поэтому, когда я сделал кучу бабла, я решил потратить его на благотворительность. (Сравните с логикой наших казнокрадов и олигархов)) Глава 8 * Со временем стало ясно, что любая проблема — это «одна из тех», что уже проходили. Особо больно бывает только в первый раз. Потом учишься эффективно их преодолевать * Боль от допущенных ошибок — это напоминание о том, что есть чему научиться. * Дольше играешь, больше учишься, меньше боли допускаешь * Сначала я думал что супер-успешные люди успешны, потому что они экстраординарны. Нет. Оказалось, что они тоже ошибаются и борются со своими слабостями. * Представьте что вы мгновенно достигли того, о чем мечтаете. Вы будете счастливы, но недолго. Со временем вы обнаружите, что вам снова надо чего-то достигать. Те, кто рано (в молодости) чего-то достиг не становились счастливыми на всю жизнь. * Иметь очень много — существенно хуже чем иметь умеренно, т.к. большое состояние сильно обременяет * Быть хорошо узнаваемым, вероятно, хуже, чем быть неизвестным. * Самые счастливые люди исследуют себя и свою природу, и приводят свои жизни в соответствие ей.

Выбор редакции
24 февраля, 11:45

Далио: вероятность рецессии в США до 2020 года – 70% ( Вести Экономика )

По оценкам основателя крупнейшего хедж-фонда в мире Bridgewater Associates Рэя Далио, американская экономика в ближайшие годы может оказаться в рецессии. Об этом Далио заявил, отвечая на вопрос аудитории в рамках своего выступления в Гарвардском университете. Он отметил, что американская экономика находится на позднем этапе развития в краткосрочном цикле роста и спада.  Отвечая на вопрос экс-министра финансов США, профессора Гарвардского университета Лоуренса Саммерса, выразившего удивление ......

24 февраля, 00:59

Recession is Coming! Not

Recession is Coming! Not

22 февраля, 18:30

Далио: вероятность рецессии в США до 2020 года – 70%

По оценкам основателя крупнейшего хедж-фонда в мире Bridgewater Associates Рэя Далио, американская экономика в ближайшие годы может оказаться в рецессии.

02 февраля 2017, 13:10

Управляемые компьютером хедж-фонды вышли в лидеры

Искусственный интеллект вновь демонстрирует свое могущество: хедж-фонды, которые используют алгоритмы, выходят в лидеры рейтингов эффективности, что, тем не менее, делает математиков и программистов главными компонентами успешного инвестирования

10 февраля 2013, 15:22

принципы Рэя Далио.

Это самое лучшее, что я читал в своей жизни. Почему? Потому что это выглядит так, как будто это я сам написал в 60 лет письмо в прошлое себе 30-летнему, по большому секрету. Написанное Рэем Далио очень живо пересекается с рядом моих философских выводов, которые я успел сделать по жизни. о реальности: dr-mart.livejournal.com/10136.html развитие идей реальности: smart-lab.ru/blog/notes/43.php концепция равновесия: http://smart-lab.ru/blog/mytrading/16591.php формула счастья: smart-lab.ru/blog/notes/31.php работа над ошибками (пример): smart-lab.ru/blog/mtrading/7499.php о роли цели: smart-lab.ru/blog/48396.php о дисциплине: smart-lab.ru/blog/92360.php о независимости мышления: smart-lab.ru/blog/94275.php   Многие мои из описанных выше идей вызывали насмешки у публики. Это видно по комментариям к каждой из записей. Я всегда их читал, но мне честно говоря было наплевать на насмешки, потому что я формировал свое представление об устройстве мира. И вот я встречаю вот это:http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf Это чтиво, которое полностью пересекается с тем, что я вывел до этого. Более того, чтиво более систематизировано и имеет вполне завешенный вид. В отличие от меня, Далио, применяя эти концепции, добился большого успеха в жизни, доказав работу этих принципов. Я немного законспектировал эти принципы и хочу предложить их наиболее думающим из вас. Конспектировал для себя, поэтому местами выглядит сумбурно. ***

10 февраля 2013, 15:22

принципы Рэя Далио.

Это самое лучшее, что я читал в своей жизни. Почему? Потому что это выглядит так, как будто это я сам написал в 60 лет письмо в прошлое себе 30-летнему, по большому секрету. Написанное Рэем Далио очень живо пересекается с рядом моих философских выводов, которые я успел сделать по жизни. о реальности: dr-mart.livejournal.com/10136.html развитие идей реальности: smart-lab.ru/blog/notes/43.php концепция равновесия: http://smart-lab.ru/blog/mytrading/16591.php формула счастья: smart-lab.ru/blog/notes/31.php работа над ошибками (пример): smart-lab.ru/blog/mtrading/7499.php о роли цели: smart-lab.ru/blog/48396.php о дисциплине: smart-lab.ru/blog/92360.php о независимости мышления: smart-lab.ru/blog/94275.php   Многие мои из описанных выше идей вызывали насмешки у публики. Это видно по комментариям к каждой из записей. Я всегда их читал, но мне честно говоря было наплевать на насмешки, потому что я формировал свое представление об устройстве мира. И вот я встречаю вот это:http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf Это чтиво, которое полностью пересекается с тем, что я вывел до этого. Более того, чтиво более систематизировано и имеет вполне завешенный вид. В отличие от меня, Далио, применяя эти концепции, добился большого успеха в жизни, доказав работу этих принципов. Я немного законспектировал эти принципы и хочу предложить их наиболее думающим из вас. Конспектировал для себя, поэтому местами выглядит сумбурно. ***