Dalio: Why Market Crises Keep Changing the Rules for Investors

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Ray Dalio discusses the changing market landscape due to various crises, including the dot-com crash, housing collapse, and pandemic, highlighting the need for investors to adapt to new rules.

Market Impact

Market impact analysis based on neutral sentiment with 74% confidence.

Sentiment
Neutral
AI Confidence
74%

Article Context

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The first 25 years of this century delivered one upheaval after another: the dot-com crash, the housing collapse, the Great Financial Crisis, unprecedented rounds of quantitative easing, a historic pandemic, an inflation surge, and a retail-trading revolution powered by meme stocks. Romaine Bostick charts how markets absorbed each shock, while Ray Dalio explains the deeper forces that shaped the modern investing landscape. (Source: Bloomberg)

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Original article published by Bloomberg on December 21, 2025.
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