The greatest tragedy of individuals and then collectively of mankind is confidently thinking

they're right without stress testing, they're thinking with the smartest people.

Welcome to the Money Mays podcast. I'm Simon Brewer, and Will Campion and I have created

this show to explore and unravel some of the mysteries surrounding the investment business.

You can keep up to date by visiting Moneymayspodcast.com and please sign up to our newsletter to ensure you won't miss a release.

If you enjoy this show, please subscribe and we'd love you to tell a friend or colleague about it.

Thank you for listening.

According to Bloomberg, our guest and his firm have made more money for investors than any

other hedge fund in history.

He's been dubbed the Steve Jobs of Investing, and Fortunes referred to the company he founded

as the fifth most important company in the US.

Investor, commentator, philanthropist, an analyst of

history's relevance in assessing today's economic and social challenges. So Ray Dalio, founder of

Bridgewater, a very warm welcome to the Money Mears podcast. It's so great to be here.

Well, I have been a huge fan of yours for years.

I've read your works, which you've shared generously, and we're honored.

And I think our listeners will be thrilled, and they're now in over 110 countries,

and our viewers on YouTube, to have this opportunity to hear and see you.

So thank you very much for giving us your time.

Thank you for your time.

You and I share one thing in common, which is that we both have August the 8th as our birthdays,

and we've both had careers in investing, but I don't think that that necessarily would be viewed by most people as proper parallels. So we're going to jump right in. And in reading

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