Wealth vs Money
Principles by Ray Dalio·2026-02-12 15:30

Wealth can easily be created the way we account for wealth. For example, you start a company. Let's say you want to make a unicorn.You sell $50 million worth of it. You value it at a billion. You're now a billionaire and it counts in wealth as a billion dollars and there's but nobody would pay a billion dollars for that issue combined.Okay. And that's a lot of what's happening now with wealth and and and if you look at the 1920s bubbles or you look at those what you see in one way or another is that wealth ...