RE: Ray Dalio's Principles For Dealing With The Changing World Order
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I recently read Principles for Dealing with the Changing World Order, and really liked the book. If you contemplate getting it as an audio book, make sure to check out the included pdf with tons of stats and graphs as well!
Regarding being a super power, he (correctly, I think) separates it into different key determinants, where military power is one – other determinants being education, innovation and technology, competitiveness, trade, economic output, financial center and reserve FX status.
BTC could potentially remove the reserve FX status from the eqution, and longer term de-fi could remove the need for financial centers. However, there would still be several other axies to compete along for different groups (it being nation states, coorporations or internet communities).
As I perceive it, Dalio's material is far from a money grab. He got more than enough of it already, and also he's providing a ton of additional free content, that is kept updated. Check out these papers for instance. To me it seems that he really care about these subjects, and is driven by a sincere urge to educate and share the knowledge he has accumulated over the years.
If you're a bit of a history buff, I'm currently reading "The Storm Before the Storm: The Beginning of the End of the Roman Republic", which certainly reminds me of today's situation in the US. Note that it's not the fall of the Roman Empire, but of the Republic – so the period leading up Caesar seizing power. Maybe I'll write a post on it after having read the whole book... 🙂
You and others who commented positively about the video have changed my mind. Perhaps I was just disappointed not to see bitcoin mentioned at all. I won't give up on Dalio, not yet. You are right, he does offer a lot of interesting educational material. Thanks for the link to the papers.
Happy to hear! Understand your disappointment, but always impressive when someone are able to change their mind – Guess Dalio and you makes it at least two. 😉
For being a baby boomer that has made his fortune in the old financial system, Dalio has become surprisingly positive to BTC and crypto over the years – say compared to Warren Buffet and Charlie Munger, or Jamie Dimon. Even though their companies got some funds invested in "crypto firendly companies", their rethoric is outright hostile.
Dalio confirmed back in May last year that while being concerned about regulation, he still own some BTC himself. Also pretty fresh news that Dalio's hedgefund Bridgewater – while not investing directly in BTC or crypto – is reportedly dipping in and backing a crypto fund.
Yes, I have heard in the past that he had positive attitude towards bitcoin.