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Ray Dalio Speaks, Sense on Cents Listens

Posted by Larry Doyle on March 3, 2012 8:05 AM |

While most people see the trees, the waves, and the stars, there are a few money managers and economists out there who see and speak truly about the forest, the oceans, and the galaxies.

Who are a few of these individuals?

Jeremy Grantham of Grantham Mayo, whom I highlighted a week ago. Bob Rodriguez of First Pacific Advisors of whom I have written often. Harvard economist Kenneth Rogoff is without peer in understanding and delivering on the depth and breadth of our global economic crisis. I personally think the Fletcher School of Law and Diplomacy’s Amar Bhide is in a class with only Simon Johnson in addressing what the world of finance needs to do in correcting itself circa 2012.

Who else also occupies the loftiest of spots in the Sense on Cents Hall of Fame and distinguishes himself along with these other luminaries?

Bridgewater’s Ray Dalio.

Dalio and his firm have been reclusive over the years, but the secrets of this visionary and the firm he has built are now disseminating across our economic landscape. To steal a phrase, “when Ray Dalio speaks, Sense on Cents listens“!

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Mr. Dalio speaks this morning in a Financial Times commentary, Ray-man Running Hedge Fund in His Own Image. I strongly encourage readers to absorb the style and substance of this man in this article, as well as my own prior commentaries on Mr. Dalio linked here.

Let’s zero in on what Dalio sees for our domestic economy and the economies across the pond. The FT writes:

Mr Dalio’s jeremiads, penned daily and sent to a wide but tightly controlled distribution list – with threats of dire consequences for even photocopying – are required reading in influential economic circles.

The world economy, seen through his eyes, is five years into a painful deleveraging process that will last another decade. Conditions in the US and UK will be merely tolerable, while countries on the edge of Europe will experience a depression.

Five years in. Last another decade. Merely tolerable in the US and UK. Experience a depression on the edge of Europe. Think there are enormous risks out there?

Do people get this or are we numbed by the drivel and politicking put forth by all too many in our country? We are overwhelmed by analysts, economists, pundits, and politicians who would have us focus on data for today, tomorrow, and next week.

Read the works and track the analysis of Dalio and the others whom I have highlighted. They all embody the essence of real ‘sense on cents’.

Navigate accordingly!!

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Do your friends, family, and colleagues a favor and get them to do the same. Thanks!!

I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets, our economy, and our political realm so that meaningful investor confidence and investor protection can be achieved.

Larry Doyle


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