What should investors do to maximise returns for the next 5-10 years? Ray Dalio explains

economictimes.indiatimes.com:

Raymond T Dalio, Founder, CIO Mentor, says “avoid indebtedness, debt assets, minimize the debt assets and then to diversify into various locations. No one asset class, no one country, no one currency should be concentrated in because of the nature of that. So, look at those good places and then look for good leadership.

Dalio further says: “Should the United States weaken its currency status, other countries also will have weaker currencies and then there would be an emergence of alternatives such as most importantly likely gold or currencies that tend to depreciate together. If you have a lot of debt and the United States has a lot of debt that most importantly results in a lot of sales of debt, that money probably has to be printed. For the US dollar to lose its status relative to other countries would require another currency to become dominant.
You always look at the world based on five factors – economy and credit, internal peace and conflict, external issues between countries, climate change and technology. If you have to look at the mechanics of the world, rather than giving an audience a fish to eat, if they have to know the trick of how to catch the next fish, how would you put your thoughts into play and explain some of these pointers, the number one being economy and credit?
Raymond T Dalio: Yes, you are right.

My goal is to explain the mechanics of this and then we can reflect on what is happening. I am a practical investor who has to make macroeconomic investment decisions every day and I learned in my life that many things that surprised me did not happen in my lifetime that happened many times in history.