By Benjamin Butler
Seoul, South Korea
Ray Dalio’s comments this week were music to my ears. I wrote about them in my blog: “Readers should know by now that I regard philosophy and psychology as critical tools in understanding markets.”
Bertrand Russell, the author of The History of Western Philosophy, once said: “To teach how to live with uncertainty, yet without being paralyzed by hesitation, is perhaps the chief thing philosophy can do.”
Investors who invest in their minds, not just in analyzing financial markets, very much intrigue me. Ray Dalio is one of these figures, as he has said quite explicitly that the largest single factor to any success he has had over the years is due to his meditation. He runs the world’s largest hedge fund, Bridgewater. He is on record as saying that meditation gives him greater clarity and calmness.
This week he wrote an article about unconventional wisdom, the power of ... Log in or subscribe to continue reading.