Principles for Dealing with the Chang..., Ray Dalio
Principles for Dealing with the Chang..., Ray Dalio
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Principles for Dealing with the Changing World Order
Why Nations Succeed or Fail

Author: Ray Dalio

Narrator: Jeremy Bobb, Ray Dalio

Unabridged: 16 hr 48 min

Format: Digital Audiobook Download

Published: 11/30/2021

Includes: Bonus Material Bonus Material Included


Synopsis

NEW YORK TIMES BESTSELLER * MORE THAN ONE MILLION COPIES SOLD

“A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times

From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—and to offer practical advice on how to navigate them well.

A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years.

In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead.

About Ray Dalio

Ray Dalio is Founder, Co-CIO and Member of the Bridgewater Board, which, over the last forty years, has become the largest and best-performing hedge fund in the world. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He is also #1 New York Times bestselling author of PrinciplesPrinciples for Navigating Big Debt Crises, and Principles for Dealing with the Changing World Order. He lives with his family in Connecticut.


Reviews

"Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times." -- G. Michael Hopf, "Those Who Remain" Dalio's recent book is exactly about these four sentences. Or, to be more precise, about the rise and fall cycle of every powerhouse in history......more

To his credit, hedge fund guru and author Ray Dalio studies the past, to better understand the future. He observes that empires, like people and companies, have life cycles that include distinct phases. Fair enough. Dalio’s analysis of previous fallen empires, such as the Dutch and British, suggests......more

Goodreads review by Cherisa

Dalio is an archetypal hedgehog, Isaiah Berlin's model of a writer and thinker who relates everything to one big central vision. In Dalio's case, his vision is that human economic activity moves in cycles and patterns that transcend cultures, empires and even centuries. To this organizing principle,......more


Quotes

"After Ray Dalio presents his introduction and first chapter with believable authority, American actor Jeremy Bobb performs the balance of this sweeping history of civilization with exceptional fidelity to the author’s thinking. Bobb’s muscular vocal tone and relaxed pacing convey deep confidence in the economic and social trends the author describes. Along with his consistently clear and comfortable enunciation, Bobb demonstrates the vocal confidence that is necessary for writing that is assertive and dense with meaning."