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Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

Ray Dalio · 2 HN points · 3 HN comments
HN Books has aggregated all Hacker News stories and comments that mention "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail" by Ray Dalio.
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Amazon Summary
“A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller 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—and to offer practical advice on how to navigate them well. 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 realization 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 readers 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. He 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.
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  • Ranked #6 this year (2022) · view

Hacker News Stories and Comments

All the comments and stories posted to Hacker News that reference this book.
> and have been telling each other that the dollar is going to collapse any year now every since.

The point of pegging a currency to something tangible, like gold, is to increase confidence in the currency. When the currency is pegged, it's much harder to just print money whenever the government wants to. Thus, pegged currencies are safe to do business in because they just won't evaporate overnight.

Remember: Currencies come and go, so the dollars, Euro, Yen, ect, will eventually be replaced by something else. Given the US Dollar's status as a reserve currency, it probably won't just "collapse any year now".

I'm currently reading "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail", https://www.amazon.com/Changing-World-Order-Nations-Succeed/... The author, Ray Dalio, carefully explains the signs of when a currency is going to fail.

Highly recommend Ray Dalio's new book: Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail [1]. If you want interview style he was on the Lex Fridman Podcast #251 too [2].

Takes a look at historical ups and downs and gives hard data without too much colour being added.

[1] https://www.amazon.com/Changing-World-Order-Nations-Succeed/...

[2] https://www.youtube.com/watch?v=TISMidxdZoc

eande
+1 That Book was eye opening and learned a lot in the big picture, which is sometimes hard to see.
The book "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail" by Ray Dalio compares the rise (and decline) of the American "world empire" to prior world empires. The two most recent are the U.K. and the Netherlands.

The same things that are happening now have happened before -- just not in our lifetimes. The history and his analysis is quite instructive.

The book was refreshing in its objectivity, lack of political bias, and clarity of writing. I've given copies to several friends.

It's pretty clear from his analysis and the data that the U.S. is in a decline of global influence.

https://www.amazon.com/Changing-World-Order-Nations-Succeed/...

SuoDuanDao
Ray Dalio is an international treasure. When I watch the Davos videos he often seems like the only one who's not in a quiet state of panic.
tablespoon
> The book "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail" by Ray Dalio compares the rise (and decline) of the American "world empire" to prior world empires.

Why should I put much stock in historical analysis done by a "American billionaire investor and hedge fund manager" [1]? My gut feel that someone like that probably has so much other stuff on his plate that the analysis would be in many ways superficial, and such a person likely has enough status that large numbers of people would indulge his pretensions at being a polymath even if it's not actually true.

[1] https://en.wikipedia.org/wiki/Ray_Dalio

todorus
Ad hominem
tablespoon
> Ad hominem

No, I didn't say he was wrong because of who he was. I have suspicions that he might be over-hyped, and I was asking questions about that.

And if that's wrong, I have literally a million self-published books that you really ought to carefully consider, lest you be guilty of "Ad hominem."

Nov 30, 2021 · 2 points, 0 comments · submitted by mempko
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