NEW YORK TIMES BESTSELLER
"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.
