Key Insights From:
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
By Ray Dalio
Key Insights From:
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
By Ray Dalio
What You'll Learn:
Bridgewater Associates is among the largest and most successful hedge funds in the world. Bridgewater’s founder, Ray Dalio, wrote this book after noticing the simultaneous convergence of factors that we haven’t seen in our lifetime, a convergence that will produce outcomes we’ve never encountered. Most investors move assets based on what they’ve experienced in their lifetime. Very few will glance backward to the mid-20th century. To Dalio’s knowledge, he’s the only investor who ventures back into history far enough to discern the overarching cycles that have defined nations and economic systems over the centuries. After researching the rise and fall of empires across history, Dalio locates the world’s current empires in the empire life cycle, and describes how to plan and invest accordingly.
Key Insights:
- The Big Cycle is a once-in-a-lifetime upheaval that every empire succumbs to sooner or later.
- World monetary standards (reserve currency) rise and fall with their empire, and the USD might be on its way out soon.
- Growing tensions within the United States and with China show us that the United States won’t have center stage forever.
- You always bet on the upside, and a knowledge of general and specific trends can help you identify it.
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