BOOK · [281]
Principles for Dealing with the Changing World Order
History / Economics
Dalio's pattern-matching of debt, monetary, and empire cycles across 500 years, arguing the US is in the late stages of a great-power transition with China. Balaji recommends watching and reading it, while noting Dalio underweights how digital technology and Bitcoin reshape the picture.
Endorsed By
8 People-
Balaji Srinivasan
“Dalio's video is good. Worth watching. But he doesn't model the effects of tech. Yes, China is rising & US state capacity is in decline. Yet US corporations still wield phenomenal digital power, and BTC/web3 are rising, as is India. So it's more complex.”
Tweet from March 13, 2022 recommending Dalio's framework while flagging its blindspot on digital power.
-
Mark Cuban
“It's a masters in economic history. I highly recommend!”
-
Brian Armstrong
“Really enjoyed reading Ray Dalio's recent book, The Changing World Order.”
-
Vinod Khosla
“Recommend reading”
-
Jamie Dimon
“Ray does an astounding job of giving us an inspiring and thought-provoking experience by looking at the rises and declines of empires...”
-
Arianna Huffington
“Ray Dalio has a unique talent for making important and complex issues simple...This may well be the most important book of the year if not the decade.”
-
David Friedberg
“It is my #1, #2, and #3 book recommendation of 2021”
-
Larry Summers
“History is too important to leave to historians. Only Ray Dalio would have the brilliant audacity to attempt such a synthesis.”