The world’s most influential hedge fund manager Ray Dalio in conversation with Business Today’s Global Editor Udayan Mukherjee. Listen in to the five investing mantras of Ray Dalio. “Over the long run, look at your returns relative to inflation, whether whichever country, you're in whichever currency, you're denominated in, look at the returns relative to inflation. Too many people look at just the level of returns and they don't pay enough attention to inflation. Generally, stay away from debt assets debt-denominated assets. Third, have a well-diversified portfolio. Diversification reduces risk without reducing expected returns if you do it well. Also, don't be too tactical. Have a strategy which is over a long period of time to save money in a diversified portfolio of assets so what those would be the most important things,” Dalio said. Listen in here-