Ray Dalio: I love global macro because it’s everywhere in the world, and it’s trying to understand how all the parts of the world operate. I love it because it’s very, very practical. I like the fact that people are making subjective evaluations of how good I’m doing, but I can measure myself down to two decimal points. What’s my performance? It’s subjectively evaluated. I like the fact that I can go long or short, so that there’s no such thing as good times or bad times. Most people have an industry or a profession, and they have cycles to them. In my case, I don’t have any cycles. I have no excuses, just it’s all on me. I can make bad mistakes and that’s that reality. I like that. So it’s those elements.