1/
Thread with quotes from the book
"This volume is part of my continuing effort to meet with exceptional traders to better understand the elements underlying their success."
26/ "A CTA has a systematic way of defining when a trend has changed. Another way you can tell is if a market displays price action that is characteristic of the late stages of a bubble, such as an exponential price rise, like silver in 2011." (p. 36)
47/ (Note: From time to time, I get questions about whether to buy/sell a stock. Diversification into assets with low correlations matters much more than adding or cutting a single position. The AQR paper below reaches the same conclusion as Dalio does.)