Principles for Dealing with the Changing World Order by Ray Dalio
Publisher: Principles by Ray Dalio
Date: March 2, 2022
Key points made for why we like:
- One of the most insightful videos on all of YouTube, especially when thinking about future wealth - period.
- Links past events to what will happen in the future with actual examples (e.g. Dutch ship building and invention of capitalism)
- Talks about the U.S. moving off the Gold Standard (i.e. the start of the Fed money printer)
- Big Cycles (Booms and Busts/Recessions)
- The effect of the wealth gap on policies and the rise and fall of empires
- The relationship between current powers and rising world powers (e.g. U.S. vs. China), and reserve currencies