![]() ![]() Similarly, he advised, measure your financial risks in inflation-adjusted terms instead of today's dollars. Moving is, of course, often a hassle - but Dalio said it's worth considering under financially worrying circumstances. It's intended as a resource for readers to assess risks and form strategies on where to live and invest, and according to Forbes, he plans to launch a website housing real-time versions of the data. Dalio's book contains a "Health Index" that rates roughly a dozen nations on 18 factors like debt burdens, military strength and economic output. One risk, for example, could be "location," meaning the physical place where you live and work. Worrying, he said, prompts you to take a close look at your own personal risks - and encourages you to take action on them. And if you don't worry, you have to worry." Regardless of what happens, Dalio said on Friday, he has a simple principle for approaching future events: "If you worry, you don't have to worry. His first tip: Assess your financial risks "I hope that thoughtful attention will be paid to that issue and that mutual understandings will increase and inclinations to fight will diminish. "What I think and what Bridgewater does are of minuscule importance relative to the rapidly growing risk of U.S. war with China," he wrote. and China could back away from the precipice of conflict. ![]() In that post, he also expressed hope that the U.S. "I was not expressing my own opinion or endorsing that approach." "I was attempting to explain what a Chinese leader told me about how they think about governing," Dalio wrote. ![]() After telling CNBC last week that China's human rights policies were akin to those of a "strict parent," he clarified his comments in a LinkedIn post. Last year, a Federal Reserve Bank of New York study found that the trade war had cost American companies $1.7 trillion in market capitalization.ĭalio's comments about China have prompted recent controversy. A Moody's Analytics study found that the trade war cost Americans at least 300,000 jobs in just its first year. ![]()
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