Evidence receipt / belief
Published · transcript-backedRay Dalio: belief
15 Dec 2021 Conversations with Tyler Ray Dalio on Investing, Management, and the Changing World Order
“I think we’re referring to different things. You’re referring to what you’re reading in the literature, and I’m referring to my 50 years of experience and what I’m doing, so we have a different perspective about those things.”
Source trail
Everything needed to verify it.
- Speaker
- Ray Dalio
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 15 Dec 2021
- Publisher
- Conversations with Tyler
Transcript context
…If I look at the macroeconomic literature, it seems to me, even GDP — when we run statistical tests, it’s hard to distinguish that from a random walk with trend. There’s not a lot of obvious mean reversion in the system. I think we’re referring to different things. You’re referring to what you’re reading in the literature, and I’m referring to my 50 years of experience and what I’m doing, so we have a different perspective about those things. Tell me what’s wrong with the literature. Those are actual numbers taken from government databases. You run statistics on them — returns are close to a random walk. GDP is close to a random walk with trend.…
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