A Semester Of Econ In 30 Minutes

If you’ve ever pretended to know what “deflation” is then keep reading.

Ray Dalio started his investment company, Bridgewater Associates, at age 26 out of his apartment. After forty years of investing, Bridgewater now manages around $160 Billion.

Normally you have to go to college and sit through hours of lectures to grasp a 10,000 ft. view of the U.S. economy. Lucky for us, Dalio consolidated his knowledge of the economy down to a 30 minute animated video that is actually enjoyable to watch. If only they taught like this in school, I could’ve been done in half the time.

Keep in mind that our economy rarely acts exactly as it should. Ultimately it’s a system of humans (both policymakers and individual participants) with emotions, biases, and incomplete information. Even people like Dalio, who have an in-depth understanding of the economy, can end up being wrong.  A great example of this was in 1982, when Dalio was so broke he had to borrow $4,000 from his dad just to cover living expenses.

Stephen Boatman

Stephen Boatman

Associate Financial Planner, Client Services at Smith Partners Wealth Management
Stephen has been investing for over 10 years and has always had a passion for helping others understand money and teaching them how their hard earned assets can be leveraged to meet their financial goals. Stephen understood how wealth management and financial planning can change lives ever since he was in his teenage years thanks to his parents ensuring he was well versed in the topic– within this realization, he discovered his purpose: making a positive difference in the lives he is surrounded by and the financial industry he works in.
Stephen Boatman
Stephen Boatman

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