Monday, May 28, 2012

Ray Dalio quote (the holy grail of investing)

From Maneet Ahuja's book, The Alpha Masters:
Dalio says if you have 15 or more good, uncorrelated bets, you will improve your return to risk ratio by a factor of five. He calls this the holy grail of investing. “If you can do this thing successfully, you will make a fortune,” he says. “You’ll get the pot of gold at the end of the rainbow.”