“In times of crisis, only imagination is more important than knowledge”(John Maynard Keynes, British economist, 1883-1946)
According to Wikipedia, free encyclopedia, the term economy It comes from the Greek οίκος (house) and νέμOμαι (administration), that is, in the literalness of its etymological meaning, economy would be something like “Manage the house”
Who of us are not managing our houses?… And why does it cost us so hard to manage the economy of a country?… At first glance it seems that the main tools cocktail that an economist uses is formed by a dose of glass ball Ahumado, two doses of behavioral psychology ennobled in 100 years of French oak barrel, and a pinch of mathematical formulation … and as James Bond likes, all agitated But not scrambled.
But perhaps it is something simpler than all that … Let’s look at a very interesting video of Ray Dalio on how does the economy machine work? For those who do not know who it is, Ray Dalio is a millionaire investment fund manager and philanthropist, born in the US in 1949, and founder of Bridgewater Associates.
Rafael Rabat
Economist
Founding partner of Norz Patrimonia EAF, SL
Founding partner of Gar Investment Managers, Sàrl