Great interview on Charlie Rose with Ray Dalio, where they discuss his thoughts on government spending, debt / deleveraging, Occupy Wall Street, Greece, along with how people should objectively come to logical conclusions.  It’s more valuable to know what you don’t know, and if we recognize and worry about being wrong, then we can then have a thoughtful dialog and truly learn and grow.  For example, before politicians propose policies that have no foundation in common sense economics, they should first come together and agree as to how the economy actually “works”.  He also believes Europe will likely employ a combination of printing and writing-down to deal with the Greek debt crisis.

“The great fallacy of all mankind is that people know more than what they do, and it’s a discovery process.  The process for learning is to say I don’t know.” (18 minutes in)

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