I hear the voice of Thurston Howell III in my head now - thank you...I have not read about either, but I suspect that Ray Dalio's advice is intended for people who are fabulously wealthy. For those people, volatility and losses do NOT mean one has to get on the satellite phone from their house in the Alps to sell the ski vacation house in Aspen and fire the gardeners at the beach vacation house in the Hamptons, because there is still plenty of money.
Cheers.
Statistics: Posted by dcabler — Mon Apr 29, 2024 6:22 am — Replies 5 — Views 402