Rather than doing our own screencast today we are going to highlight a clip you might want to check out. In a rare appearance, Ray Dalio of Bridgewater Associates* did a half hour hit on CNBC yesterday. It was such a big deal Bess Levin at Dealbreaker decided to live blog the event.
Two of our favorite bloggers Jeff Miller at A Dash of Insight and Jay at Market Folly both noted the appearance in separate posts today. We figured reading these two posts and spending some time with this video would be more informative than anything we could say in a screencast today.
A couple of lessons jump out. Jay notes Dalio’s willingness to “learn from mistakes.” Any firm that is out trying to generate alpha is likely to also make mistakes in the process. Those mistakes are in a certain sense the tuition on a very important education.
Jeff appreciated Dalio’s approach where he focused on his major market themes and avoided talk about market trivialities. In addition Dalio was unwilling to comment on areas in which he had no opinion. As we have said in the past it is okay for an investor to say “I don’t know.”
We hope you enjoy this “special guest” edition of the daily screencast. You can view the video in its entirety below:
*Bridgewater was recently mentioned as the largest hedge fund in this list from AR magazine.