![]() The author proposes a framework for evaluating the relative strengths of these countries. The Great Empires – The Changing World Order by Ray Dalio So, if we want to know how to navigate these turbulent times successfully, we need to study history, to learn the lessons from past mistakes. However, if we look back into history, we will see very similar patterns of event play out, over and over again. Ray explains that many of the major economic and geopolitical events we are experiencing today catch us by surprise because we have not experienced them in our lifetime. Those who do not learn from history are doomed to repeat it. History does not repeat itself, but it rhymes. ![]() Here are 2 quotes that succinctly summarise the key idea behind the book: ![]() Ray Dalio is the founder & co-Chief Investment Officer of Bridgewater Associates, the largest hedge fund in the world. That is the idea behind Ray Dalio’s book and the source of today’s book review: Principles for Dealing with the Changing World Order. How can we safely navigate these periods of uncertainty? One possible way is to look to history. We are in unprecedented times and the world is in severe turmoil, both geopolitically (US vs China, Russia-Ukraine war) and economically (COVID-19, inflation). ![]()
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