The Widening Gap between the Haves and Have-Nots
Its no secret that there's a widening gap between the Haves and the Have-Nots. We won't spend any time asserting this or proving it. It's simply the result of a trend that reflects similar cycles in history. A good source of understanding the specifics, particularly the historical precedents going back centuries is the prolific writings of hedge fund king Ray Dalio. Mr. Dalio was the founder and head of Bridgewater Associates, one of the largest hedge fund operations as well as one of if not the most successful. He recently completed years-long transition of leadership of the firm and has completed that process, completing the selling of his interests and therefore any official connection to Bridgewater. Information about the firm and about Mr. Dalio is readily available from the usual sources. We bring him up now because in this transitional period, he has been publishing lots about his approach to investing. Apparently his thoughts evolved with a deep knowledge of worl...