Dalio: Why Market Crises Keep Changing the Rules for Investors

The first quarter of the new century brought us a great financial crisis, a global pandemic and several revolutions in the ways markets coped with it all. Our colleague Romaine Bostick gives us highlights and lowlights. -How do we know when irrational exuberance has unduly escalated asset values.-You had a market that hit a peak in early 2000. It proceeded to drop by about 30 percent in the span of just a few months. -The big question is hard versus soft landing at this point.My expectation is the fundament ...