ray dalio
Ray Dalio.
  • Ray Dalio compares investing to poker and a diversified portfolio to a casino in a new interview.
  • The billionaire investor casts doubt on crypto's value as a store of wealth or means of exchange.
  • Dalio compares life to playing a video game, and the lessons from solving problems to precious gems.

Ray Dalio compared markets to poker and portfolios to casinos in a recent episode of the Richer, Wiser, Happier podcast.

The billionaire investor and Bridgewater Associates founder questioned cryptocurrencies' value as stores of wealth and mediums of exchange, and predicted superior coins will be launched in the future. He also compared life to a video game, lessons to precious gems, and meditating to ninja training.