Ray Dalio’s Strategy for Valuing Assets

All assets are valued as their appreciation in price and their yield. The yield that you're getting and the price change and that's a total return. And so all assets you compare on that basis.If you're holding a farm, >> same deal. In other words, what is the yield on that farm from holding it. I'm getting into the mechanics.So when looking at the markets as a whole, what I do is I just compare everything because all I want to do is I want to essentially borrow or be short >> those that will have the lower ...