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A review by richardiporter
The Changing World Order: Why Nations Succeed and Fail by Ray Dalio
4.0
Who should read it: If you think about national power, politics, economics, history and things like this you should consider giving this a read.
I enjoyed the book, I appreciated the stated humility combined with ambitious scale and scope of identifying causes and effects, principles regarding them, and using them to broadly forecast the future.
The downside risk mitigation played into particular passions of mine but leaves the reader to build their own tactical playbook.
-Political organizing for power and wealth sharing without violence?
- Political calls on representatives to avoid war unless ther eis no option, ESPECIALLY with a rising power that may become the next domininant empire like China?
- Cultivate an ability to personally move across borders, to LEGALLY stash assets in multiple legal jurisdictions and establish good reasons to be there, to diversify your wealth as much as you can, to diversify where you can live as much as you can
These seem to be logical extensions but Dalio chose to not be prescriptive with advice merely descriptive of cycles, metrics and methods of observing cyclical behavior in markets, politics, power, currency and the like.
Unless you are a big investor or a government official or in charge of policy for a massive multinational or just personally interested in this stuff from historical or present day perspectives the above 3 points and paying occasional attention to the news of trouble between the US and China could save you the read time.
I may refer back to pages from this book in the future and suggest it to others, I likely wont read it all again.
I enjoyed the book, I appreciated the stated humility combined with ambitious scale and scope of identifying causes and effects, principles regarding them, and using them to broadly forecast the future.
The downside risk mitigation played into particular passions of mine but leaves the reader to build their own tactical playbook.
-Political organizing for power and wealth sharing without violence?
- Political calls on representatives to avoid war unless ther eis no option, ESPECIALLY with a rising power that may become the next domininant empire like China?
- Cultivate an ability to personally move across borders, to LEGALLY stash assets in multiple legal jurisdictions and establish good reasons to be there, to diversify your wealth as much as you can, to diversify where you can live as much as you can
These seem to be logical extensions but Dalio chose to not be prescriptive with advice merely descriptive of cycles, metrics and methods of observing cyclical behavior in markets, politics, power, currency and the like.
Unless you are a big investor or a government official or in charge of policy for a massive multinational or just personally interested in this stuff from historical or present day perspectives the above 3 points and paying occasional attention to the news of trouble between the US and China could save you the read time.
I may refer back to pages from this book in the future and suggest it to others, I likely wont read it all again.