Ray Dalio: "This market looks at lot like 1999"
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Episode Description
Full episode: https://youtu.be/1_rvVTuGRNE
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Brief Summary
Investors should consider price over company quality in today's high-interest environment.
Key points
- Investing Insights. Investors often overlook the importance of price when evaluating companies.
- Market Comparison. Current market conditions resemble those of the late 90s.
Episode highlights
Transcript
I think a lot of investors make the mistake of thinking I want to buy good things but a great company that gets expensive is much worse than a bad company that's really cheap everybody says that's great and it's going to be great for the future like the internet and do but the price has to be paid attention to and I'm particularly concerned of those companies at a time when we are in a situation where the interest rates operating as we are in other words this looks quite a lot like 1998 or 99 where the assets are hot and the prices are high yeah and you have a rising interest rate environment that is a classic issue
