This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel.

Not filtered, raw, honest.

That's my passion.

I'm a trend following guy.

That means the stories, the narratives, all of the bullshit that runs 24 and 7, whether that

bullshit comes from the mouth of just some guy, or perhaps it comes from one of the richest

people in the world running one of the most successful hedge funds in the world.

Does that mean I'm sitting here telling you that I think Ray Dalio is spewing bullshit?

Not exactly.

But today, I want to pick apart some comments from Ray Dalio, as I just mentioned, one of the most successful

fund managers of all time, if not the most successful.

Now, Ray doesn't give a lot of information out about his firm.

There's a very interesting document you can read online that talks about his corporate culture.

I do know that he has said he is 100%

systematic in his trading system. However, he has also said that he does not use technical

information and only uses fundamentals. That's always a great foundation to keep in mind for any

analysis of Ray Dalio and his firm.

100% systematic, which ultimately means all the opinions, and I say this with all due respect,

all the opinions do not mean squat.

My opinion doesn't mean squat.

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