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Autocast#1: Principles for Autistics to avoid being in a warzone| Principles for Dealing with the Changing World Order by Ray Dalio | book reading and discussion |
08/09/2022
Autocast#1: Principles for Autistics to avoid being in a warzone| Principles for Dealing with the Changing World Order by Ray Dalio | book reading and discussion |
Today we examine part of Ray Dalio's book: Principles for dealing with the Changing World Order: Why Nations Succeed and Fail. We look at his take on US-China relations, touch on the principles he recommends for dealing with the increased risk of conflict between these countries and discuss how an autistic might apply those principles. He recommends diversification, specifically, having 3 unrelated places (countries) to go should you find your own situation intolerable. (Feel free to skip straight to 01:25:47 for the practical principles Ray recommends).Coming episodes will share stories of fellow autistics who have moved countries, so other autistics may draw courage from their stories and get an idea of what it is like.For those who don’t know, Ray Dalio has been a global macro investor for more than 50 years. He founded Bridgewater Associates out of his two-bedroom apartment in NYC and ran it for most of its 47 years, building it into the largest hedge fund in the world. Ray remains an investor and mentor at Bridgewater and serves on its board. He is also the #1 New York Times bestselling author of Principles: Life and Work, Principles for Dealing with the Changing World Order, and Principles for Navigating Big Debt Crises. He graduated with a B.S. in Finance from C.W. Post College in 1971 and received an MBA degree from Harvard Business School in 1973. He has been married to his wife, Barbara, for more than 40 years and has three grown sons and five grandchildren. He is an active philanthropist with special interests in ocean exploration and helping to rectify the absence of equal opportunity in education, healthcare, and finance. Links and Resources News Articles:- Polish News Website - Spectrum News Resources (): How The Economic Machine Works by Ray Dalio Principles for Dealing with the Changing World Order by Ray Dalio Free PDF of the charts from The Changing World Order (so you can follow along if you wish) Time stamps 00:00 Intro07:07 “Before there is a shooting war, there is usually an economic war…”10:13 Is there an economic ‘war’ going on between China and the US? A brief read of Ray’s view.10:13 China becoming a World Power16:16 The 5 types of ‘wars’22:42 Chapter 13 US - China Relations and Wars23:37 The Positions the Americans and Chinese are in24:41 The Trade/Economic War29:39 The Technology war 31:54 The geopolitical war 34:47 The capital war 42:40 The military war 44:23 The culture war 48:24 The risk of unnecessary war49:20 The war with ourselves: the enemy is us51:44 Part III The Future, Chapter 14 The Future53:12 My (Ray’s) Approach 53:40 Evolution55:55 Cycles and bumps along the way57:33 Quality indicators58:51 Humanity’s inventiveness01:00:52 The Debt/Money/Capital Market/Economic Cycle01:04:36 The Internal Order and Disorder Cycle01:10:35 The external order and disorder cycle01:16:34 Acts of Nature01:19:09 In Summary01:19:54 All the major determinants across the world01:23:44 The next 10 years01:25:47 Dealing with what you know and you don’t know01:31:11 Discussion of Ray’s principles Thank you for listening!
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