You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
Ray DalioLook at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
Ray DalioMore than anything else, what differentiates people who live up to their potential from those who don't is a willingness to look at themselves and others objectively
Ray DalioI have been very lucky because I have had the opportunity to see what it's like to have little or no money and what it's like to have a lot of it. I'm lucky because people make such a big deal of it and, if I didn't experience both, I wouldn't be able to know how important it really is for me. I can't comment on what having a lot of money means to others, but I do know that for me, having a lot more money isn't a lot better than having enough to cover the basics.
Ray Dalio