I have been investing in US stocks for many years and have seen good returns, benefiting from both opportunities and a bit of luck. However, I have always maintained a learning mindset. Ray Dalio from Bridgewater Associates has been a direction and mentor I have consistently studied.

This time, I noticed that his risk-balanced investment strategy has similarities to his earlier all-weather strategy, featuring low correlation + high returns + controllable drawdowns, which has led to new deep reflections on investing.

The video discusses one of the core principles of my investment approach over the past few years: the real money-making strategy is not about picking the "best stocks," but about constructing a "risk-balanced, low-correlation" investment portfolio.

In simple terms, many of us initially chase hot stocks, trying to find the "best one," like Tesla, Nvidia, or Apple. But the problem is that the risk of a single asset is too high; if you misstep, the drawdown could be 30% or 50%, making it hard to even sleep soundly.

After 2023, I began to shift my thinking from "how to reduce portfolio risk without sacrificing returns." For example:

Suppose I have an investment target with an annual return of 10% and a risk (volatility) of 10%, which looks pretty good. But if I find another asset that also has a 10% return but is "uncorrelated" with the first one, meaning they do not rise or fall together, then by combining the two, the overall risk of the portfolio actually decreases while the return remains the same, thus improving the cost-effectiveness (return/risk ratio).

This is the power of diversification—not to smooth out returns, but to earn the same or even more money with less risk.

What’s the best part? It’s not about which stock you picked, but about finding 15 to 20 uncorrelated "potential money-making opportunities," each with a certain probability of making money, but differing in style, sector, and logic. At this point, you are not relying on "betting on which one wins," but on systematically improving the overall win rate.

Many people think finding the "best" stock is key, but I tell you, no single stock can consistently outperform a highly diversified, low-correlation, risk-balanced investment portfolio. If you can achieve this, your risk-return ratio can increase fivefold, and the probability of losing money can drop from 40% to just 11%. This is what professional investors truly care about.

This is also why investment masters like Dalio repeatedly emphasize: "Don't put all your eggs in one basket," but rather "put them in 20 uncorrelated baskets." For me, this is not just a motivational saying, but a core secret that has led to stable growth in my account. This has also become one of our methods for achieving stable returns in long-term investments. The nested combination of crypto + US stocks + US bonds + commodities can actually maximize the effect! 🧐

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