- Productivity growth is the long-term key, make sure your portfolio follows it.
- The global distribution of wealth is shifting very quickly.
- Preparing your portfolio for what’s going to happen doesn’t even cost that much. On the contrary, it is even more profitable.
Ray Dalio is famous for many things. One of them is his explanation of how the economic machine works where he describes how productivity growth, the long-term debt cycle, and the short-term debt cycle affect an economy.