Bridgewater Associates just posted a white paper titled ‘THE ALL WEATHER STORY’, how Bridgewater Associates created the all weather investment strategy, the foundation of the ‘risk parity’ movement.
A Brief excerpt from Ray Dalio:
on sunday night, august 15, 1971,
President Richard Nixon sat in the Oval Office staring into a television camera and addressed the nation: “I directed Secretary Connelly to suspend temporarily the convertibility of the dollar into gold.” After 27 years of relative monetary stability, the United States was breaking from the Bretton Woods system of fixed exchange rates that had tied the dollar’s value to gold.
The full paper and a video of Dalio can be found here-www.bwater.com/all-weather