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Summary of Transcript:
Ray Dalio discusses the cycles of empires throughout history in an interview. He explains that a new global order is created after a war, leading to a period of peace and prosperity. However, wealth gaps increase and lead to opportunity gaps, and countries rise to become competitors. As a country becomes more indebted, other countries become more competitive. Eventually, a period of instability brings a new global order, starting the cycle again. Dalio emphasizes that this cycle is predictable and that people must prepare for it. He discusses this in his book and video, “The Changing World Order: Principles for Dealing with the Changing World Order.”
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Summary of Description:
The article highlights a video featuring Ray Dalio, founder, and co-Chairman of Bridgewater Associates, about dealing with the changing world order. Dalio discusses predictable cycles and failing systems, global conflict and types of war, inflation strategies, economic stability and structure, strategic portfolios over day trading, improving failing infrastructure, the death of patriotism, innovation, opinions, and perspective, responsibility, and practical solutions, and the end of the world portfolio. He emphasizes the need to think in terms of buying power, not the number of dollars, and to create a system that increases the size of the pie, divides it well, and separates opportunity well. Additionally, he believes that extremists threaten the system and that the answers do not lie in extremism. Dalio also suggests investors should focus on strategic portfolios instead of day trading.
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Discover How to Build an Ironclad Discipline with Ray Dalio’s Workshop
Are you feeling overwhelmed by the never-ending news cycle? Do you want to ensure that you’re prepared for whatever comes next? Look no further than Ray Dalio, the founder of Bridgewater Associates, and his strategies for dealing with the changing world order.
In his latest book, The Changing World Order, Ray Dalio provides knowledge about recognizing the larger cycle of changes we live through. He shares his insights on how we can position ourselves for survival on both a government and personal investment level.
If you’re interested in learning more about Ray Dalio’s principles, check out his YouTube video, where he delves deeper into strategies for dealing with the changing world. Grab a pen and paper or open up a note app to take notes on the following topics:
– Start of the New Order
– Predictable Cycles and Failing Systems
– Global Conflict and Types of War
– Inflation Strategies to Get Ahead
– Economic Stability and Structure
– Strategic Portfolios Over Day Trading
– Improving a Failing Infrastructure
– Death of Patriotism
– Innovation, Opinions, and Perspective
– Responsibility and Practical Solutions
– End of the World Portfolio
Throughout the video, Ray shares thought-provoking quotes that will have you considering the world in a new light. He emphasizes the importance of looking beyond the number of dollars you have and focusing on buying power. Ray also notes the danger of extremism and highlights the need for practical solutions that increase the pie’s size and divide opportunity well.
If you’re new to Ray Dalio’s principles, check out his website, Twitter, Instagram, and YouTube channels for more insights on dealing with change and building an ironclad discipline. Don’t bury your head in the sand- take control of your life and investments with Ray Dalio’s guidance.
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Source Description
Learn how to build IRONCLAD discipline in this free workshop: https://bit.ly/3CkX3UI.
On Today’s Episode:
You may live in a peaceful and unique environment if you haven’t tuned into the news lately. Turning on the information these days can induce stress and anxiety as you try to digest the total sum of horrifying events that are changing your world. Burying your head in the sand and being oblivious is always an option you can choose to do, but that will likely leave you unprepared for what’s coming.
Ray Dalio is the founder and co-Chairman of Bridgewater Associates and a #1 NY Times bestseller for his life-changing book, Principles. He is incredibly grounded and knowledgeable about the changing world order as you read this. His latest book, The Changing World Order, is about having the data you need to recognize that the times we live through are part of a larger cycle that has occurred before.
Grab a pen and paper or open up your note app and save the strategies and tactics Ray shares on what we can do on a government and personal level with our investments, assets, and liabilities to position ourselves for survival regardless of the stage’re in.
Ray Dalio’s Principles for Dealing with the Changing World Order on YouTube: https://youtu.be/xguam0TKMw8
Ray Dalio’s newest book, The Changing World Order: https://amzn.to/3rRrI5H
SHOW NOTES:
0:00 | Introduction of Ray Dalio
3:11 | Start of The New Order
8:38 | Predictable Cycles & Failing Systems
20:04 | Global Conflict & Types of War
32:09 | Inflation Strategies To Get Ahead
39:31 | Economic Stability & Structure
45:54 | Strategic Portfolios Over Day Trading
49:29 | Improving A Failing Infrastructure
1:01:13 | Death of Patriotism
1:07:56 | Innovation, Opinions, and Perspective
1:17:44 | Responsibility and Practical Solutions
1:29:18 | End of the World Portfolio
QUOTES:
“The country is nothing more than the aggregate of the people.” [13:13]
“History has shown when the causes that people are behind are more important to them than the system; the system is in jeopardy. And that is a risky situation. [15:27]
“Realize that you have to think in terms of buying power, not the number of dollars you have.” [33:35]
“There’s those who control the system and what should be done, and then there’s what the individual should do…” [50:01]
“You need to create a system that both increases the size of the pie, and divides it well, and most importantly, divides opportunity, well…” [52:29]
“It’s going to be the extremists who are going to destroy the system, threaten the system, because they won’t be able to compromise, […] the answers do not lie in the extremism.” [54:25]
“To not have laptops and connectivity is today, the equivalent of not having running water and electricity, or the telephone…” [58:41]
“If you worry, you don’t have to worry, and if you don; if, you need to worry.” [1:23:27]
Follow Ray Dalio:
Website: https://www.principles.com/
Twitter: https://twitter.com/RayDalio
Instagram: https://www.instagram.com/raydalio/
YouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ
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