Principles for Dealing with the Changing World Order

Why Nations Succeed or Fail

By: Ray Dalio

Narrated by: Jeremy Bobb, Ray Dalio

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.

Critic reviews

"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."

Why he's betting on China and cryptocurrency

Discloses he's senior advisor to China! Extra respectful of Chinese point of view, never critical, warmly supportive, warns USA not to try anything against China. Anything! How can he get his money out of China?

Past Treasury secretaries Hank Paulson, Timothy Geithner and Larry Summers all onboard - they recommended this book! Dalio likes crptocurrency and explains why.

Dalio narrated introduction with great emotion. He quickly ceased narrating, then energy level dropped 50%. Keep that in mind.

An Absolute MUST read

If you are interested in what is very likely to happen to America in the next 2 to 3 decades, you NEED to listen to this book. If you are an investor, or have investments in a retirement fund, you NEED to listen to this book! If you have children and care about what the world will look like for them...you get the idea. READ THIS BOOK.

It is heavy on charts and numbers and that is to back up his claims about where the country is going based on history. But even if you don't go deep into the numbers the underlying takeaways still come through.

The book did leave me wanting because it highlights lots of coming trouble, but provides little actions to deal with them.

Wake up America!!! Every politician needs to understand the contents of this book

Well researched, well written,with no political agenda.
I would buy copies for all our house and senate representatives, if I thought the idiots in Washington would read it. They are the ones (present and past that have allowed our country to be in debt to the Chinese for over three trillion dollars.
Unless we wake up now, our kids and grandkids
could end up losing the freedoms we have enjoyed as Americans.

Eye-opening insights on the world order

A smart overview of the forces that affect how the world operates. Using historical trends, the book puts today’s events into eye-opening context. Ray Dalio is a great thinker—though not the strongest writer. The book is quite redundant and Dalio struggles to make an argument with attaching a lengthy disclaimer. Some editing would make this a stronger book. That said, it’s a great and valuable read.

solid Information ,

good information, China can do no wrong acording to Ray . overal very informativo.