ClaimsPeople

Ray Dalio

Ray Dalio founded Bridgewater Associates in 1975 and was its CEO until 2017, and is the author of several books including Principles: Life and Work.

827 claims collected, 172 researched, 91 resolved. Report of 4 November 2026, method 0.1.0+c876030c.

Scores by kind of claim

Each kind of claim is scored on its own, out of 100: the share that held up, with the range it likely falls in. Fewer resolved claims give a wider range.

  • Factual claims

    Statements about the present or the past, checked against the record: did they hold up?

    77 71 83

    High confidence, 80 factual claims resolved. From 15 documents, 2010 to 2026; 19 documents sampled from 36 candidates found.

    Not scored: 33 unresolvable, 4 checkable only against their own records.

    See the factual claims

  • Predictions

    Statements about events outside the person's control, checked once they fell due: did they come true?

    72 56 86

    Low confidence, 11 predictions resolved. From 6 documents, 2010 to 2025; 19 documents sampled from 36 candidates found.

    Not scored: 41 unresolvable. 3 more fall due later.

    Does not yet allow for how likely each prediction was when made.

    See the predictions

All types combined: 76 (likely 71 to 82, high confidence), from 91 claims: 80 factual claims, 11 predictions. It mixes kinds of claim in different proportions for different people, so compare people kind by kind.

Ray Dalio's claims

827 claims · page 4 of 9

827 claims, sorted by newest said. Choose a claim to read it in full.
VerdictKindSaidClaimTopic
Not checkable Not checkable 25 Oct 2020 I’m not ideological, I’m just mechanical. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 Paul Kennedy’s book of Rise and Decline of Great Empires or Great Powers is a great book. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 education is a — you know, a fundamental right and so on. Not checkable · 25 Oct 2020
Resolved true Factual 25 Oct 2020 Twelve of the 16 rising-power challenges to existing powers over the last 500 years were shooting wars. Factual · 25 Oct 2020 Philosophy, ethics and society
Not checkable Not checkable 25 Oct 2020 it’s certainly true, although the ingredients of the widening wealth gap were on, you know, a number of ingredients Not checkable · 25 Oct 2020
Unresolvable Prediction 25 Oct 2020 China, Europe and the US will have central-bank-controlled digital currencies. Prediction · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 If you balance well, you don’t give up any return in order to reduce your risk because all assets compete with each other and so on. Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 The United States as a whole is buying more from the rest of the world than it is selling, running a large trade deficit. Factual · 25 Oct 2020 Economics and markets
Not researched Factual 25 Oct 2020 The top 0.1% of the population holds slightly more wealth than the bottom 90% combined. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 That causes financial asset prices to go up, but it doesn’t trickle down very much. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 a lot of creativity comes from the subconscious. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 but it’s a reflection of where we are in the cycle, and so it has consequences. Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 Over the last 2000 years China has always been the number one or two most powerful country. Factual · 25 Oct 2020 Philosophy, ethics and society
Not researched Factual 25 Oct 2020 US state governments cannot print money, unlike the federal government. Factual · 25 Oct 2020 Economics and markets
Unresolvable Factual 25 Oct 2020 Dalio said he thinks almost everybody is underweight gold, mentioning perhaps 10 or 15 percent as an allocation while saying he did not know the right figure. Factual · 25 Oct 2020 Economics and markets
Unresolvable Factual 25 Oct 2020 In Connecticut, about 8 percent of education funding comes from the federal government and the rest from within the state. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 but they don’t know how to divide the pie that well. Not checkable · 25 Oct 2020
Mostly true Factual 25 Oct 2020 In Connecticut, 22 percent of high school students (one in five) are disengaged or disconnected from school. Factual · 25 Oct 2020 Field building and careers
Not researched Factual 25 Oct 2020 Since 1978, average real income in China has increased by 22 times. Factual · 25 Oct 2020 Economics and markets
Mostly true Factual 25 Oct 2020 Within countries, wealth gaps are widening, while between countries, wealth gaps are narrowing. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 is to create government debt and have the central bank purchase that government debt Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 About 60,000 schoolchildren in Connecticut did not have computers. Factual · 25 Oct 2020 Field building and careers
Not researched Factual 25 Oct 2020 Deng Xiaoping came to power in China in 1978 and introduced state capitalism. Factual · 25 Oct 2020 Economics and markets
Unresolvable Prediction 25 Oct 2020 The medium of exchange between central banks will not be digital currency. Prediction · 25 Oct 2020 Economics and markets
Not researched Factual 25 Oct 2020 The last time interest rates hit zero and central banks printed large amounts of money to monetize debt was in 1933. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 those who are looking for yield have to realize that price changes are more important than yield. Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 China has developed military superiority within about 2000 miles of its region, according to military experts. Factual · 25 Oct 2020 Philosophy, ethics and society
Not checkable Not checkable 25 Oct 2020 And do pay attention to the currency because there is a currency risk. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 And COVID is the stress test. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 all investments compete with each other Not checkable · 25 Oct 2020
Mostly true Factual 25 Oct 2020 With interest rates near zero in the US and below zero in Europe and Japan, the implied multiple on a bond is very high, more than 100 times. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 the concept of long-term security produces short-term volatility. Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 A new monetary system, the Bretton Woods system, began in 1944 and 1945. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 It’s — it creates inefficiency for the world as a whole. Not checkable · 25 Oct 2020
Mostly true Prediction 25 Oct 2020 There will be a lot of US-China decoupling over the five years following October 2020. Prediction · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 It widens the wealth gap and it doesn’t get it into the hands of those who need it. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 But like cash, it’s not a good return in asset. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 And bonds in this environment, in my opinion, are not sort of good asset classes. Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 World War II cost more lives than any earlier war. Factual · 25 Oct 2020 Philosophy, ethics and society
Unresolvable Prediction 25 Oct 2020 The government will allocate resources through fiscal policy that will be monetized by the central bank, giving more government-controlled, coordinated fiscal and monetary policy. Prediction · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 many things that surprised me had never happened in my lifetime before, but they happened many times in history before Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 Monetary Policy 2 means the central bank essentially prints money and buys financial assets. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 every day is not a brand new day Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 Ray Dalio said that everybody agrees, and that it has been agreed, that Taiwan is part of China and that there should be peaceful unification. Factual · 25 Oct 2020 Philosophy, ethics and society
Mostly true Factual 25 Oct 2020 Gold has historically been an effective diversifier at certain times, such as when the monetary system broke down amid excessive money printing. Factual · 25 Oct 2020 Economics and markets
Not researched Factual 25 Oct 2020 The existing world order began in 1945 when World War II ended. Factual · 25 Oct 2020 Philosophy, ethics and society
Unresolvable Prediction 25 Oct 2020 Dalio said he thought a Biden administration's policies would look more like the Roosevelt years, probably with larger deficits, larger spending and stimulation, and more monetization. Prediction · 25 Oct 2020 Economics and markets
Not researched Factual 25 Oct 2020 All currencies throughout history have at some point been devalued or destroyed. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 you need currency diversification, too. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 we are testing the limits of how we can — how far we can go in a fiat monetary system, and nobody knows exactly. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 the world always wants to hold a reserve currency because that’s what you save in. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 there must be decoupling or said another way, there must be self-sufficiency so that one could not be cut off from what one needs. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 I love markets because, particularly, global macro because you cover almost everything in the world and you can bet on it and test how good… Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 Money has no intrinsic value. Not checkable · 25 Oct 2020
Unresolvable Factual 25 Oct 2020 Dalio said he thinks that, unlike Germany or Japan in past rivalries, China is a more powerful country relative to the United States. Factual · 25 Oct 2020 Philosophy, ethics and society
Not checkable Not checkable 25 Oct 2020 As you narrow that group that has opportunities, you exclude those who might be the most creative and capable people. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 the main difference between the federal government and the state governments has to do with this printing of money and monetizing debt thing Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 At the end of the day though, the most important determinant of power is how we are with ourselves. Not checkable · 25 Oct 2020
Unresolvable Factual 25 Oct 2020 Before COVID, one of the big backdrop conditions was what Dalio called "the death cycle monetary creation of debt and monetizing of debt." Factual · 25 Oct 2020 Economics and markets
Not researched Factual 25 Oct 2020 Dalio said "we" bought 60,000 computers, in the context of children not being educated and the state lacking money. Factual · 25 Oct 2020 Their own work or organisation
Not checkable Not checkable 25 Oct 2020 I don’t want cash, I don’t want much in the way of bonds, I want a diversified portfolio of assets that tend to diversify each other. Not checkable · 25 Oct 2020
Unresolvable Factual 25 Oct 2020 The US President can unilaterally declare the US will not pay its bonds held by China or cut off capital in other ways. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 people are not just giving away free money, free yield, there’s always an element of a risk — a default risk or something. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 Liquidity, and diversification, and rebalancing are very important. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 is like not having toilets and not having running water in your house today. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 that move is very much analogous what happened on April 9th Not checkable · 25 Oct 2020
Mostly true Factual 25 Oct 2020 As of 2020, one cannot easily transact with cryptocurrency for many purchases. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 You have to have the population rowing in the same direction rather than fighting with each other. Not checkable · 25 Oct 2020
Resolved true Factual 25 Oct 2020 Dalio said that, as in World War II, when there was the rise of Japan, Japan was cut off from oil, from rubber and then from capital. Factual · 25 Oct 2020 Philosophy, ethics and society
Not checkable Not checkable 25 Oct 2020 A bond is a currency or a currency is a bond. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 So you’ve seen that hollowing out dynamic like happen in places like Detroit or the Rust Belt places Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 there are five main areas of conflict — five or six, and they’re a manifestation of history repeating itself. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 I think that the basic necessities of educating children well must be done Not checkable · 25 Oct 2020
Not researched Factual 25 Oct 2020 China owns about $1 trillion worth of bonds owed by the United States. Factual · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 And they’re so cost-effective to use the money right in programs. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 If you have a lot of debt and you have a big wealth gap, and you have an economic downturn, you have a fight over how to divide the pie. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 MMT is a version of what I call Monetary Policy 3. Not checkable · 25 Oct 2020
Unresolvable Prediction 25 Oct 2020 Cash will be the worst investment in the current environment because of negative real returns. Prediction · 25 Oct 2020 Economics and markets
Not checkable Not checkable 25 Oct 2020 as an alternative currency, a purpose of the currency is a medium of exchange and a storehold of wealth. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 Capital war is a very important thing. Not checkable · 25 Oct 2020
Unresolvable Prediction 25 Oct 2020 The US position relative to China will worsen over time because time is on China's side. Prediction · 25 Oct 2020 Philosophy, ethics and society
Not researched Factual 25 Oct 2020 As of October 2020, China is more vulnerable than the United States to a technology war. Factual · 25 Oct 2020 Technology
Not researched Factual 25 Oct 2020 Under the US constitution, education is a state responsibility. Factual · 25 Oct 2020 AI policy and governance
Not checkable Not checkable 25 Oct 2020 the decline in real interest rates and the decline in nominal interest rates pushes asset prices higher in and of itself. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 So the real question is how we’re going to be with each other, I think. Not checkable · 25 Oct 2020
Not checkable Not checkable 25 Oct 2020 When you get interest rates low enough, not only don’t they provide a return, but they don’t provide a diversification benefit Not checkable · 25 Oct 2020
Not checkable Not checkable 29 Jun 2020 They are rare. Such relationships take time to build and can only be built if you treat such people well. Not checkable · 29 Jun 2020
Not checkable Not checkable 27 Jun 2020 The person responsible for a decision must be able to explain the thinking behind it openly and transparently so that everyone can… Not checkable · 27 Jun 2020
Not checkable Not checkable 26 Jun 2020 Be objective! While it is possible that you are right and they are wrong, you should switch from a fighting mode to an “asking questions”… Not checkable · 26 Jun 2020
Not checkable Not checkable 24 Jun 2020 Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Not checkable · 24 Jun 2020
Not checkable Not checkable 24 Jun 2020 Great questions are a much better indicator of future success than great answers. Not checkable · 24 Jun 2020
Not checkable Not checkable 23 Jun 2020 Be audacious. There is always a best possible path. Your job is to find it and have the courage to follow it. Not checkable · 23 Jun 2020
Not checkable Not checkable 22 Jun 2020 I know that my own life has been full of mistakes and lots of great feedback. Not checkable · 22 Jun 2020
Not checkable Not checkable 20 Jun 2020 Thinking about problems that are difficult to solve may make you anxious, but not thinking about them (and hence not dealing with them)… Not checkable · 20 Jun 2020
Not checkable Not checkable 18 Jun 2020 Open-mindedness doesn’t mean going along with what you don’t believe in; it means considering the reasoning of others instead of stubbornly… Not checkable · 18 Jun 2020
Not checkable Not checkable 17 Jun 2020 Tolerating a problem has the same consequences as failing to identify it. Not checkable · 17 Jun 2020
Unresolvable Prediction 15 Jun 2020 A system that does not strive to create equal opportunity for all who can work and basic support for those who cannot will inevitably experience some form of revolution. Prediction · 15 Jun 2020 Philosophy, ethics and society
Unresolvable Factual 12 Jun 2020 History shows the three most important forces are the debt/economic cycle, internal gaps in wealth, values and politics, and external conflicts when rising countries challenge the leading world power. Factual · 12 Jun 2020 Philosophy, ethics and society
Not checkable Not checkable 10 Jun 2020 which uses history to put into perspective where I think we are and where we’re going Not checkable · 10 Jun 2020
Not checkable Not checkable 9 Jun 2020 Putting comfort ahead of success produces worse results for everyone. Not checkable · 9 Jun 2020
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Ray Dalio

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“MMT is a version of what I call Monetary Policy 3.”

Ray Dalio 25 October 2020 Transcript: Ray Dalio - The Big Picture (Ritholtz)

MMT is a version of what I call Monetary Policy 3.

Not checkable An opinion, value judgement or statement with nothing to check.

Cite this claim

Ray Dalio, “MMT is a version of what I call Monetary Policy 3.” (said 25 October 2020). Verdict: not checkable. Reliability API, claim c_ec712ea3c19d, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_ec712ea3c19d

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