Ray Dalio Quotes:
Ocupation: Businessman
Life: b. 1949
The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
topic: Mistake, Believe, Past, Recent Past
