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Ray Dalio, founder of Bridgewater Associates, shares insights on investing and leadership. Dalio emphasizes the importance of diversification and humility, cautioning investors against chasing hot stocks and being swayed by market buzz.
- Diversification is key: Invest in 10-15 uncorrelated assets to reduce risk and double your return-to-risk ratio.
- Stay humble: Recognize that alpha is a zero-sum game and focus on assets with intrinsic value (beta).
- Don't追逐hot stocks: Past performance does not guarantee future returns. Distinguish between investments that have appreciated and investments that have performed well.
Additional tips:
- Be patient: Successful investing often requires time and avoiding emotional decisions.
- Evaluate headlines and buzz: Don't assume that investments with recent gains are necessarily better.
- Consider the long term: Reflect on the difference between alpha and beta, and prioritize assets with intrinsic value.