Ray Dalio: Short-Term Self-Interests Are Being Pursued To A Degree That It Is Threatening To Our Long-Term Self-Interest

Ray Dalio's latest missive

Also see 2017 lettera

Every day I see examples of how our pursuit of short-term self-interest is being taken to such an extreme that it is threatening our long-term self-interest.

For example, yesterday I read this article which explains how the wanton dumping of trash in the ocean is ruining the ocean.  This will most likely continue and the trash won’t be cleaned up because the cost of cleanup is immense.  That uncivilized behavior is only one of a number of ways that we are treating the ocean as our toilet that we are also over-fishing in.  This is being done to such an...