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Summary

From legendary investor Ray Dalio, author of the international best seller 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 - but similar to those that have happened many times before.

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 realisation 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 listeners 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.

Dalio 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. 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2021 Ray Dalio (P)2021 Simon & Schuster UK

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A New Appreciation for Macro Politics & Economics

Dalio never lets me down when synthesizing truly complex ideas and converging topics and turning them into something digestible. This book opened my eyes to what is really driving the loggerhead situation between the US and china and how it coincides with history that could bring us to a highly dangerous situation.

The book talks about long time frames, keeps the analysis relevant and shows how certain elements of the past typically determine the next phase of the future. Its similar to political cycle theory which has helped me trade stocks and assets knowing how to position myself and protect my family.

As someone who was very "anti-China" I also have a knew found understanding of how they position themselves as an emerging world power, the context behind it and likewise the strategy involved - typically over a very long period of time. Super interesting book and an absolute asset for people looking to explore these issues in more depth!

3 people found this helpful

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One of the most important books of 2021

If you only have time for one more book this year, I'd highly recommend this one:"Principles for Dealing with the Changing World Order,
Why Nations Succeed or Fail." by Ray Dalio. In his characteristicly unswerving "seek truth through facts" manner, Dalio examines two thousand years of political and economic history and draws his conclusions. It is also full of very interesting graphs and tables. Not suitable for bedtime lecture though.

3 people found this helpful

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He tried to avoid saying Bitcoin

Thought provoking, data driven and relevant. The author shied away from Bitcoin as a potential solution.

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Great Book, PDF needs to be improved

The book is worth listening to and helpful in this turbulent times.
What needs to be improved is the accompanying PDF. All the graphs are simply chronologically in the PDF without any further information. At least the graphs could have been sorted I think chapters, better would be if even timestamps would be available that indicate I have which parts of the book they are talked about.

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Excellent coverage of historical aspect of empires

Really enjoyed the historical aspect of how empires grow and decline.
Was hoping to hear how Ray prepares his portfolio to cope with this change.

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  • B
  • 20-07-22

Ruined

This audiobook is ruined by the change in narration after the first couple of chapters and constantly referring to PDF documents. If I'm listening to an audiobook it's because I'm out walking, driving, cycling, or doing something that doesn't involve leafing through PDFs. If your audiobook needs a book to make sense, then it shouldn't be an audiobook.

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excellent very well thought-out and detailed.

Excellent well thought-out analysis of a vast topic, but very useful to help anyone with greater understanding.

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How hedge funds see the world

This is an excellent piece of work. It's value lies in the fact that investment managers police corporations. They decide which shares rise, which fall. Who's been naughty, who's been nice, purely on expected ruturns. Corporations influence geo politics. Understand how investment managers think and you have an EXCELLENT grounding in applied BS detection.

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Exceptional

An absolutely imperative read today, and will probably still be an essential read in 100 years time. This book doesn’t just prepare you for difficult economic circumstances, it prepares you for survival

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Questionable

Ray is overly sympathetic to China in this book and inflates their historical significance in free market capitalism and future success. He has intentionally or unintentionally omitted huge factors as to why China is fundamentally different to the rising historical powers of the British (after the Dutch) and America. If you get over the fact that some areas of the book are a love letter to the CCP, then you'll find some interesting points and a generally good book.

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  • shaun
  • 11-07-22

Good but long

Listened at x1.4 and really struggled to get through it. The books ok but didn’t take away that much that I have done from other in depth, books
Last two chapters most interesting, can’t remember much from the others.
I give it four stars becuase it’s got a lot of effort and good in sight and research but jus didn’t capture me

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  • Hugues Hung
  • 08-06-22

Great informative book. Courageous author

Well researched subject with compelling data to support the book's conclusions. Author not afraid of being labelled for telling the true. All empires fails, it's now America's term. What and how we deal with this fact is the main point to this book. Great job, Mr. Dalio.

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  • Anonymous User
  • 17-04-22

A Bird's Eye View

The strongest conveyed message relates to cause and effect of not only financial, but also political and social sectors. Learn from the past in order to best position yourself through the assessment of current affairs.

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  • Amazon Customer
  • 25-01-22

As expected, Ray Dalio goes above and beyond

This book is very detailed and a true future leading principle that will help me in the upcoming years.

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  • Kosta Stavreas
  • 18-01-22

Outstanding global view

Highly enlightening, history-driven model of the rise and fall of empires. Has given me a clear and comprehensive perspective on global dynamics between countries, across history and into the future. Highly recommended.

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  • Grizelda Tulian
  • 26-12-21

Excellent

This book should be suggested as compulsory reading in high school from date of publishing on.
Scarely amazing!