Bridgewater’s Five Stages of a Sovereign’s Life Cycle
According to Ray Dalio (and we believe this as well) there are four drivers of economic growth: culture, indebtedness, competitiveness, and luck. And the two most positive influences on these growth drivers are [1] the psychological framework that creates people’s desire to work, borrow and consume and [2] war. It’s these different socioeconomic experiences that […]
Lessons on Trading and Markets from “Adam Smith” And The Money Game
If you’re wondering why “Adam Smith” is in quotations, it’s because the name is the pseudonym adopted by the author who wrote The Money Game, a 1967 market classic. In the author’s own words, the book is about “image and reality and identity and anxiety and money” — everything that makes up markets… Here’s some […]
