Principles For Dealing With the Changing World Order: Why Nations Succeed and Fail
by Ray Dalio
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43:43
Author explains book thesis and shares vintage photos and film
52.6M
579K
Mar, 2022
Spoiler:
Including vintage film clips such as excerpts from Richard Nixon’s speech in which he severed the link between the dollar and gold, the author explains why the world order is changing and gives suggestions as to how to deal with it. He says we must look to history to identify events that have happened again and again and therefore will likely reoccur. He encourages his audience to be independent thinkers and to diversify investments across not only industries but countries.
93:49
In-depth interview with Impact Theory channel in video format
3.4M
52K
Apr, 2022
Spoiler:
Asserting that the world order as we know it was made in 1945 by the U.S. due to dominance in WWII, the author notes that after a period of peace and prosperity, new powers tend to rise—even losers of the war like Germany and Japan—and a new generation that is now accustomed to peace and prosperity tends to run up debt. The author did a detailed analysis of the last 500 years to see patterns of how world orders change, how empires rise and fall, and to predict for himself, as a global investor, what will happen next.
4:01
Excerpt from author sit-down interview with Charlie Rose
218K
3K
Jun, 2022
Spoiler:
Explaining that a new world order started in 1945, the United States at that time having 80% of the world’s money, half the world’s GDP, and a monopoly on military power, the author warns that three things have happened to change that world order. These three world-altering events are debt and money creation producing inflation; tremendous internal conflict in the U.S. due to a large wealth and values gap; and the rise of a great power (China) to challenge the existing great power.
3:08
Author introduces and explains his book in talking head format
121K
5K
Nov, 2021
Spoiler:
The author says the book is a study of the last 500 years that he did for himself because he needed, as "a global macro investor,” to understand how the world is changing. He sees things happening now that have happened in history but not during the author’s lifetime: zero interest rate plus debt plus monetizing said debt; a wealth gap he says is the biggest since the 1930s; and the rise of China and possible decline of the United States.
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Ray Dalio is an American investor and hedge fund manager, founder, and co-chief Investment Officer of Bridgewater Associates, the world's largest hedge fund. He is known for his practical approach to economics, which differs from conventional thinking. In 2020, Bloomberg ranked him as the world's 79th-wealthiest person.
Other books by Ray Dalio
Publications
The Wall Street Journal: ‘Principles for Dealing With the Changing World Order’ Review: Trouble Ahead, As Usual
Forbes: Ray Dalio Says America’s Decline Will Upend Lives, Not Just Portfolios
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