All-In with Chamath, Jason, Sacks & Friedberg
Ray Dalio | The All-In Interview
Ray Dalio
To take Japan, for example, if you were a holder of Japanese bonds, you lost about 80% of your money relative to gold and about... 60% relative to U.S. bonds because you received an interest rate that was 3% less than the corresponding interest rate in the United States. So you lost the interest rate.
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