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Ray Dalio most likely saw that coming- SBUX closing DC + LA stores\ too much crime
Capitalism is not a pie where if he gets 88% of the pie that limits everyone else to 12%/LOL.
Anybody can bake another pie or build a bakery.
Then WMT got into the bakery business; may or may not help their stock price.
There is no doubt Dalio is an extremely intelligent and successful man.
However I question his recent (last few yrs) pivot to focus on self-promotion. This usually corresponds with a marked drop in future performance.
%%Man I wish I was as high as you every day.

Ray D got so negative on that video he maybe more short than long\US stock$\ETF$??