Ray Dalio is out with another LinkedIn article on his purview of the current and future investing environment. Dalio touches on the subject of Recency Bias and our human emotional attachment to identifying the future based on the recent past. It is Dalio's thesis that paradigm shifts happen around decades. His article focuses on the next possible paradigm shift.
The worst thing one can do, especially late in a paradigm, is to build one's portfolio based on what would have worked well over the prior 10 years, yet that's typical. - Ray Dalio Bridgewater Associates