I think the greatest tragedy of mankind is that people have ideas and opinions in their heads but don't have a process for properly examining these ideas to find out what's true. That creates a world of distortions.
Ray DalioThe most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio โ a portfolio that does well in different environmentsโฆ. we don't know that we're going to win. We have to have diversified bets.
Ray Dalio