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Ray Dalio is one of the greatest economic minds of all time. He is the founder of Bridgewater, the largest and arguably most prestigious hedge fund in the world. This spot at the pinnacle of finance gives Dalio an unparalleled view into the inner workings of the economy and the stock market. That is why it got my attention when recently Dalio began talking about what he is calling “The Great Wealth Transfer”. He describes this so-called “Great Wealth Transfer” as a once in a century shift that will almost certainly have impacts for generations to come. Ray Dalio recently released an essay titled “What’s Happening with the Economy? The Great Wealth Transfer”.
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