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MarketWatch/Jonathan Burton/12-15-2021
“As an investor, Ray Dailo eyes the rearview mirror to see what’s ahead. If this paradox makes sense, then you likely agree with the view of history that ‘those who cannot remember the past are condemned to repeat it.’ Put another way, it’s hard to know where you’re going if you don’t know where you’ve been.”
USAGOLD note: Dalio issues a year-end warning saying that people are interested in the news but they are not interested in history and lessons of the past – two things he has made a fortune by studying. He sticks to his formula of the past few years: Stay out of cash, pay attention to the widening political and cultural divide, and get your finances in order by holding “a diversified portfolio of assets” which includes gold.
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