danpf415

Thank you very much for taking my question, Mr. Dalio!

Tony Robbins' All Seasons Portfolio, which is a simplified version of your All Weather Portfolio, calls for a significant amount of investment in long-term and intermediate-term bonds, 40% and 15%, respectively. However, in your recent public appearances, you have cautioned against cash and bonds as investments in this point of the long-term debt cycle.

Questions: So, should we invest in bonds at this point in time? If so, how much? If not, is the All Seasons or All Weather Portfolio still applicable? You mentioned in your first Principles book that a portion of your family's investment was in the All Weather Portfolio. Is it still the case?

I'm trying to decide whether to exit my positions in bonds.

Thanks again for your time!

What advice would you give an amateur upper intermediate player on how to improve given relatively limited practice time?

Also, any thoughts on the Menuhin Competition that’s going on?