Principles for Dealing with the Changing World Order

By Ray Dalio

Categories: Business & Money

Ray Dalio, founder of Bridgewater Associates, studies the rise and decline of the major empires of the last 500 years, including the Dutch, British and American, along with China's dynasties. He identifies the recurring forces behind what he calls the Big Cycle: debt and money, internal conflict between rich and poor, and external conflict between rising and established powers. Using 18 measures of national strength, Dalio assesses the relative positions of the US and China and what is likely to come next.

Recommended by 5 people

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