In January 2008, during the World Economic Forum’s annual meeting in Davos, I was summoned to a conference room to meet Ray Dalio, founder of the mighty Bridgewater hedge fund.
His team handed me a vast report, the size of a bible. This, I was solemnly told, represented Dalio’s views on the credit cycle.
I duly skimmed it — and then dumped it into a bin, since it was so heavy. That turned out to be a big mistake. When the great financial crisis exploded later that year, Dalio was hailed as one of its prophets, in large part because of the forecasts in that report I discarded.
您已閱讀3%（582字），剩餘97%（16688字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。