Friday, December 23, 2016
Bridgewater's Ray Dalio having software designed to model his brain. Great. Isn't there enough junk economics out there already?
Don't we have enough "modeling software" that spews out junk economics?
Ray Dalio runs the world's largest hedge fund, Bridgewater Associates. He's having software created to model his brain.
Dalio believed or still believes that
The U.S.A. is "out of money."
The central bank monetary policy such as QE and ZIRP will cause hyperinflation and collapse the dollar.
That central banks are or, soon will be, out of "ammo."
That we borrow from the Chinese.
And on and on.
Dalio is more proof that just because someone has a lot of money or, even lots of money under management, doesn't mean they are smart or know what they are talking about.
Albert Einstein was arguably one of the smartest humans to ever live, and he earned about $65k per year in today's dollars.
Anyway, no problem for me. Instead of taking Dalio's money, I will take his computers' money.