Dalio on why market crises keep changing rules for investors #raydalio #markets #bubble #investing

Okay. What is a bubble. A bubble occurs when there's an enormous amount of increase in wealth relative to money.It's it's important to understand the difference between wealth and money. Wealth is easy to create. Like now um and in other times, what you do is that let's say you raise uh $50 million for a billion dollar company.then you're a billionaire and the um company's worth a billion dollars, but nobody's really paid anything like that. And so wealth is something that uh rises, but you haven't material ...