Process
Status Items Output None Questions None Claims None Highlights Done See section below
Highlights
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For the most part, it didn’t seem to matter whether Dalio’s insights were accurate, or even insightful — because he ran a multibillion-dollar hedge fund. His wealth and his ability to generate profits gave him an almost impenetrable shield of elite credibility. Like many CEOs, because Dalio ran a profitable company, he was simply presumed to be an expert in whatever other fields he happened to take an interest in.
✏️ The crux of the matter, and we see it over and over again. They have wealth, so they must have good insights or thoughts or ideas to emulate. Wealth = wisdom and expertise, in any field (not just his main field). 🔗 View Highlight