Chapter
Learning Macro with Ray Dalio
17:46 - 23:26 (05:39)
Ray Dalio talks about learning more about macroeconomics, and how it helped him address problems in his industry caused by the lack of knowledge about it. He shares a framework that could be used by someone who wants to learn about macroeconomics.
Clips
Financial history tells us that macro is impossible, but Howard Marks has been successful in taking macro individual bets.
17:46 - 19:44 (01:58)
Summary
Financial history tells us that macro is impossible, but Howard Marks has been successful in taking macro individual bets. This article discusses the importance of learning about macro for investing.
ChapterLearning Macro with Ray Dalio
Episode#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More
PodcastThe Tim Ferriss Show
A framework for understanding market dynamics involves observing the interaction between firms within an industry, pricing, and competitive dynamics.
19:44 - 21:29 (01:44)
Summary
A framework for understanding market dynamics involves observing the interaction between firms within an industry, pricing, and competitive dynamics. When something shifts from zero to one, like an institutional investor becoming an All-American research team, it can throw all previous models and planning out the window.
ChapterLearning Macro with Ray Dalio
Episode#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More
PodcastThe Tim Ferriss Show
The in-depth understanding of how the public markets work that a board member with experience in taking a company public brings to a startup can be very valuable for their success in company building.
21:29 - 23:26 (01:57)
Summary
The in-depth understanding of how the public markets work that a board member with experience in taking a company public brings to a startup can be very valuable for their success in company building. Additionally, obtaining a longstanding client to provide a point of view or analysis that can cause a shift in thinking about a specific company or industry can also be immensely helpful.