Principles for Dealing with the Changing World Order (5-minute Version) by Ray Dalio
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- Опубликовано: 22 май 2023
- The world is changing in big ways that haven’t happened before in our lifetimes but have many times in history, so I studied past changes to understand what is happening now and anticipate what is likely to happen.
I shared what I learned in my book, Principles for Dealing with the Changing World Order, and in an animation that gives people an easy way to understand the key ides from the book in a simple and entertaining way.
Now, I’m releasing this 5-minute version of that animation here.
If this video is interesting to you, and you’d like a more in depth version, you can watch the full animation here: • Principles for Dealing...
Or, if you want the in-depth version along with lots of chards that paint the picture, you can buy the book on Amazon www.amazon.com/Changing-World... or in bookstores nationwide.
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For more from Ray:
Principles | #1 New York Times Bestseller: amzn.to/2JMewHb
Principles | Your Guided Journal: www.amazon.com/Principles-You...
Principles for Success, distills Principles into an easy-to-read and entertaining format for readers of all ages: amzn.to/34lgnNJ
Download his free app: principles.app.link/PFS
Connect with him on Facebook: / raydalio
Follow him on Twitter: / raydalio
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Follow him on TikTok: / principlesbyraydalio
The only advertisement popped and I watched & still watching more, great analysis & presentation, thanks youtube
this is the first advertisement on youtube video that grabs my attention
same here
I also came hare by the advertisement.
This was the ad that came while I was watching some other video and I started watching it. I thought it is a history analysis channel and hence wanted to subscribe this channel. But since I was watching this ad on my TV so there wasn't any such option and hence I thought I would pause the ad and go grab my mobile and search the qr code given. But instead of getting paused it got skipped and that frustrated me like hell. I regretted it very much. Then searched google if I can find my ads history of RUclips or not. Then found I can. So I went and found it finally. I am so relieved now.
Me too it's a great analysis I love it
This is genuinely a 5-minute piece of art.
A terrifying one to say the least
The longer version is captured nicely in the book "The Rise and Fall Of The Great Powers" by Paul Kennedy.
It is and I found it in an ad
art mean you accept that you fall and rise again , i dont want to fall again , falling usually happen because of external decision and not yours which means that we have to stop the external effect or start a revolution against the universe itself and it functionality , homosexual biological male specific dna and universe with only 1 biological sex in it the biological males and pleasures
Fantastic. It is said that only he who can explain very complex things in a very simple way has really understood them. Ray Dalio proves that with all of his great work. He is a blessing for mankind.
Only advertisement that actually meant anything
I'm so grateful for having access to this kind of information from the best minds around the world, sometimes I forget How lucky I'm living in this age.
Best 5 minutes RUclips ad I have ever watched!
Is this a good time to buy stocks/crypto in the Europe? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to manoeuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere.
I'll suggest you find an investment coach or someone with market experience before the 08' crash to guide you amidst this inflation.
@@peterwilliams6361 I agree, that's the more reason I prefer my day to day investment decisions being guided by an inv-coach, seeing that their entire skillset is built around short & long term holdings for profit realisation, coupled with the exclusive analysis they possess, it's near impossible to not out-perform. I've been investing with a coach literally for 4years, and have accrued approx. $1.4m in net-profits thus far.
@@user-er9hv4pl2u congrats. this is huge! mind sharing info on the coach that assists you? cos i’ve got a bunch of stocks that keeps tanking and don't know if its best to just dump amidst ongoing inflation.
@@peterwilliams6361 I am guided by *Robin Brezik* I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
"Those that fail to learn from history are doomed to repeat it". Very good research and presentation 👍
Not sure I totally agree with this statement. These macro forces are not something that you can stop even if you're aware - it's essentially built into human nature. Number 1 is never Number 1 forever.
Its extremely biased to learn from history, you need to look at everything from fresh perspective
I have a lot of friends with the attention span of a gnat. This is perfect for them.
One of the best books I have ever read, it illustrates economic cycles in a way that is very easy to understand.
Heavy Stuff Ray!
Love this short version of the short version of the main book
Why it takes too much TIME and EFFORTS to build and construct something or anything...and just ONE BLINK to destruct it away!!!?
Hope Sir Dalio make more research about this and how should we deal with it as another MAJOR LAW in here... Appreciate your work always 🙏🙏
This man is one of the best thinkers in nowedays, I mean he is not Aristotle but to think so wide is impressive , thank you Mr Dalio .
I wish I had this man's gift of brevity.
Even though this video was only 5 minutes, it says a lot.
I really like Ray Dalio, he is very honest about the situation.
He understands the world as though his wealth depends on it.
Ray is the Adam Smith of the 21st century!
Im reading this book now. SO much information in it and Dalio breaks down very complex economic concepts in very easy to understand ways.
Book name
@@polaporsa Changing World Order
Simple and Brillant.
Thanks for posting the shortened version. This is great to send someone who doesn't understand the cost of rising debt
One of the best videos I ever watched on RUclips, and probably also the one that is most influential to me in a long period.
This 5-Minute version is MUCH MUCH BETTER, CRISP, TO-THE-POINT & Easy to understand as compared to the 43-Minute Long version.
Master, Ray! I have seen and understood the ful version a year ago. You are right in being worried.
Inside the mind of Ray Dalio
What should the individual do to preserve wealth ? That’s thx bottom line that ever gets discussed
In the very first graph at the start of the video, 0:32 mark to be specific, I just can't help but notice how British and Indian empire are such a pair! almost together till 1700. Then British rises almost at the same rate as Indian falls. British peaks roughly around 1900 where Indian is at the lowest. and then British declines rapidly and Indian with a slow rise to finally meet at a point today where they started earlier. This graph alone speaks A LOT about the history of British-Indian relationship dynamics
I’d love to know if Ray has allowed for costs / constraints / opportunities of the changing climate in his analyses.
Excellent explanation of world reserve currencies in less than 5 minutes. Well worth your time.
Mr. Dalio knows history. He obviously doesn't know Geopolitics nearly as well.
Great explanation!
Would love to hear a debate between Ray Dalio and Peter Zeihan
I would love to see both of them update their models with a curveball that seems causally relevant and might bring this more in the direction of 'figuring out' than debate.
The education models of the 20th century face a core contradiction, as do the people-related professions more broadly -- they're based on the principle of compliance with paradigms that are widely, at a minimum, wasting most participants' time in these 'knowledge-saturated' and 'liminal' times.
Arguably, that's nothing new, but what's new are some trends like, many professionals including teachers and healthcare professionals quitting or dealing with chronic moral distress not being able to help with most problems people they're paid to help are facing -- namely,
(1) complex or 'wicked problems' that require interdisciplinary figuring out, and often collaboration and inquiry of the 'radical open mind' variety rather than fragmented professional fields,
(2) needing money or viable paths to obtaining money or what money is supposed to be able to pay for, like survivable and 'worth it' circumstances in environments that make 'flourishing' and 'thriving' possible,
(3) widespread loneliness/isolation and/or conflict -- and superficial relationships -- with each other, overlapping with disruption and barriers to trust, communication, and ways to sort out mutual understanding and generative 'worth it' ways of working with and relating to each other.
In other words, 'how people are with each other' is not going well in a lot of contexts, which often precludes the collaboration and figuring out necessary to address the problems. And I believe AI isn't going to solve this problem -- *people* have to solve the problem by (re)discovering what they're capable of.
In their 1973 paper defining 'wicked problems', cited over 20,000 times, Rittel and Weber helpfully named this class of problems, but they characterized them as more or less unsolvable quagmires -- based on reasoning that I believe doesn't hold water today. And I'm not alone -- for example, see Asta Raami's paper "Toward Solving the Impossible Problems" and Markauskaite & Goodyear's book "Epistemic Fluency and Professional Education: Innovation, Knowledgable Action and Actionable Knowledge."
In fact, Rittel and Weber gave a nod to the problem, opening their 1973 paper with a quote from George Barnard Shaw, 'all professions are conspiracies against the laity.' When they're also 'conspiracies' against the professionals working in them, it's like Otto Shermer's u-lab class put it: "Our civilization is hitting a wall' and 'we don't know what to do.'
Still, these type of classes and even the wonderful Principles for Success stand alongside the fact that the education systems people spread around the world in the 20th century, based on chasing grades for a chance at a better life, are fundamentally oppressive and counter to people thinking for themselves or more than one person doing this at a time.
And these days, students are also widely being influenced by ideas like 'boundaries', the Call to Adventure, and seeing that complying isn't likely to result in a life of flourishing. At best, young people can expect either not having enough earnings, or managing financial success like I'm dealing with -- triaging my earnings trying to coordinate survivable circumstances for a few people I care about while spending most of my time figuring out to connect the dots between what various people are saying and weave it together better than I have so far.
I wonder, what might be some next steps with this?
Are you kidding me?
The two critical conclusions being
1. Education is the foundation of an empire's wealth that is consistently neglected.
2. The "bubble bursts" as a result of wealth inequality.
Sounds like we are right on track.
Found this thru an ad, nicely done
In the age of information technology, Data analytics, and AI things would be drastically different from the past when we put human learning capabilities into the picture. As the author can collect data to point out the pattern, others can do it too. And the governments can learn must more from it to deviate from certain "behavioral" trap that diminish its capabilities and powers. And more important than anything else is should people, as intelligent beings, allows that pattern to repeat itself, or we should learn from it to make better world for everyone and every nation? Should people put the whole things in different frames of reference to analyze, project, and build the future for whole world?
This is the book that was released as Ray opened up his China fund. Does Ray's book, as written by his staff address what happens when a large closed economy has strict capital controls in place. Does his book deal with situations where countries have large current account surpluses with China in the light that they cant directly own property with their RMB surpluses?
sounds like a history book more than a investing book
Ray has a conflict on interest and any bad mouthing of a China will surely be met with CCP punishment to his firm in China. That’s why gotta take his “prediction” with a grain of salt… or a few grains.
He is a ccp puppet
Read the book a while back, and really appreciate this brilliant summary!
what book
The first ad that I didn't skip
this is the first ad which I have ever clicked by my will. great work
Sharing, Justice and Peace for All
To be honest I dont know if youll see this question,its slightly off topic.I am a highschool student preparing to head to uni soon and i cant decide on what to study between finance and maths or econ and finance.currently in the hedge fund industry and investments, which of the two courses are more attractive for recruitment?
You are GREAT, sir❤
Thanks ❤
Wow literally great job!
You don't need a *5 minute* version..
Either people are willing to enlighten themselves...
or they are Not.
🔥🔥🔥
the only advertisement video I watched completely and enjoyed, Great analysis and editing as well. Peace out ✌
La única publicidad que he visto completa, buen vídeo
we no hay pero en español?
Wow, I'm speechless
This is pure gold thanks
🎉🎉🎉wow what an analysis 🎉
The Spanish Daller (dollar) "Real de a 8" was the world currency during 250 years, definitely a bigger empire than the Dutch one.
Very enlightening video. Much appreciated.
Education --> Technology --> Reserve Currency
2:55 Major War --> Period of Peace and Prosperity --> Borrowing Money --> Trade Growth --> Reserve Currency --> Wealth Gap grows --> Bubble Bursting --> Money Printing --> Internal Conflict --> Peaceful/Violent Wealth Redistristribution --> Wars --> New World Order
Excellent short version
Simply, Amazing!
this is lie video....there is not turkish ottoman empire
Will be interesting to see if this theory holds.
Wow is the only word for this precise yet mammoth amount of perception.
Wonder if these 8 metrics can be applied to an individual or a family's personal finances? (education < skills/tech use < job competiveness < wealth? etc.....)
Yes, they can. A country is just the aggregate of its people and its families.
1:11: The study identifies overlapping cycles of about 250 years with transition periods of conflict between them.
1:32: Eight metrics are used to measure an empire's power, including education, technology, competitiveness, economic output, military strength, financial center power, and currency strength.
2:08: By examining these metrics, the study reveals the strength, past performance, and current status of each country, indicating whether they are rising or declining.
3:01: The big cycle typically begins after a major conflict establishes the new leading power and the New World Order.
3:20: Increased prosperity leads to a financial bubble and uneven wealth distribution.
4:46: Internal and external conflicts result in the rise and fall of empires, leading to the creation of a new world order.
Recap by Tammy AI
Worth the 5 minutes!
The best video on RUclips
A youtubue add that isnt selling me a course or promoting useless garbage? Count me in, beautiful video
Very well explained!
Thank you Mr Dalio
The only advert that I spent time to watch❤❤❤
Thanks, Ray!!!
Most easy way to understand world order
Easiest
Except it is a fiction
@@jookyuhyou sure are
@@loneranger9485 Your brain sure is a fiction, and your intellect void.
This book is a fiction at best because it does not reflect the reality of what is happening. China sure is overtaking the US in your fictional delusion land. That is why they are literally collapsing within. This book’s biggest mistake is that it projects current trend into the far future without considering the rate of change. History only shows that communist states eventually implode. That is a fact.
Advertisement appeared & I subscribed this channel
please can Turkish subtitles be added?
Thanks youtube for the recommendation! first if not the only good thing to come out of youtube's recommendation suggestions lol
that just blew my mind.
what is level relative to peak ... and how it is decided ? like criteria
Great summary of the longer video. I do wonder if it will pan out this way in coming decades.
did you even watch the 5min video for you ask this stupid question?
Good presentation. Clearly demonstrates that periods of peace and prosperity produces economic stability. Any idea how the world can achieve an economic system that depolarizes money?
Is centralized economics at the root of the catastrophic social & economic upheavals?
Is there a way to avoid centralized power in human affairs to break that cycle & achieve unparalleled economic, social & political stability permanently?
Asking for a friend!
I’m just sayin..
Love your videos!
Wow. Great presentation.
Very well done,,,bravo
Guys, see the views vs. Likes. Be generous and like this master piece
Insightful!
absolutely the BEST analysis on the subject! thank you for your hard work!! reflections on History can be useful, BUT today's technology has NEVER been part of the past, nor the new components (pollution, social media hypnosis, sea level rise, massive population growth,....) adding to the "mix" is what worries me, for understanding what may lie ahead. gulppppp.... LOTS of what awaits us all has NEVER been experienced before, don't you think? I don't really think ANYONE knows, just someone's clever guesswork(?). I've been wrong before :-)
Seemed like nice hypothesis and. As we know knowledge, especially scientific knowledge, in community based. I think u should explained the treatment of data better, and what theoretical basis do you have do what you do and say what you say. well made video by the way!
Is there any sources that describe how competing powers handle third parties' corporates? My question is how great powers balance domestic and foreign entities with their border. I imagine one gives you better control, the other gives you better relations.
At the end of the day, pure violence will decide over who controls the world.
Trade, Reserves, etc. are just a peacetime fallacy.
“Gold is for the mistress - silver for the maid -
Copper for the craftsman cunning at his trade.
"Good!" said the Baron, sitting in his hall,
"But Iron - Cold Iron - is master of them all."
Does anyone know what app is used to make such animation video?
Currently working overseas but will return to my home country in the near future. I'm a landlord. I invested in property at the age of 22. Value has soared and renting out. Will live on the rental income I receive and live with my aging parents for the time being. At 60 I can withdrawal from my superannuation (401(k)). Have savings and eligible for the Australian pension at 63. In the future I may downsize, sell the property and buy cheaper property and add the left over money from the sale to savings. Lots of options for me. The way I see it if you have $1m at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...
I've been saying the same thing for years as you age time gains value and money loses value. I retired at 62 and moved to the Philippines after I recovered from a work place injury. No stress, no rent/mortgage/debt, cheap to live here, eating healthier and the wife here treats me like gold. It doesn't just depend on saving, To optimize financial outcomes, individuals can seek guidance from a qualified financial advisor who can provide tailored advice and strategies to minimize expenses and maximize income.
@@kurttSchuster I completely agree; I'm 60 years old, recently retired, and have roughly $1,250,000 in outside retirement funds. I have no debt and very little money in retirement funds compared to the total value of my portfolio over the last three years. To be honest, the Fin-advisor's can only be neglected, not rejected. Simply conduct study to identify a reliable one.
@@tonicruger This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
@@Mcllwain Her name is "NICOLE DESIREE SIMON". I got to know her through my wife. She was handling hers effectively, and she's been doing same for me. It's my wife that has her number, but you could look her up and contact her yourself.
@@tonicruger Thank you for the lead. I looked her up, and I have sent her an email. I hope she gets back to me soon.
So, what I understand from this is that a nation needs two things to prevent its collapse: 1. military supremacy, 2. equal distribution of wealth within the country. The former keeps us secure externally, while the latter keeps us secure internally.
Could you please do this as german version, too? Thanks in advantage
Klaus Martin Schwab. His parents had moved from Switzerland to Germany during the Third Reich in order for his father to assume the role of director at Escher Wyss AG, an industrial company and contractor for then Nazi Germany. While it would be unfair to hold Klaus accountable for the sins of his Nazi father, it would be naive to ignore his father’s influence on his thoughts and ideals.
This is a good and very nice
Superb Fantastic fantabulous Explanation ...........✅
Pretty much the cycle of empires "Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times"
Fantastic book
Do you think the BRICS countries will explore using something like the Bancor and the International Clearing Union? Especially since China has said it does not want the Yuan to replace the USD as the Reserve Currency
Can we use this video for non commercial purpose. Good video
Y'all would enjoy Gregory Mannarino if you searched him on youtube. He's at the edge of it all. Maneco 64 is giving me the UK outlook. Love me some Peter Schiff but he's too naive and a goody two shoes.
I love this break down it has been very informative and I have learnt a lot from Ray. Especially learning the logic and analysis he does to break down trends in the market.
The one thing I don’t know has been fully considered is if education is the leading factor in growth? Then I do not feel that America has declined on this metric when compared at a world scale, so the previous trend may have been broken in the modern day. Or at least can be broken!
1 If you look international K-12 exams like OECD or PISA, the American K-12 education has been lagging behind other countries.
2 American universities still have the lead, but if you took away Affirmative Action you'd see the that the vast majority of top performing students are...exactly. Chinese.
3 If you look at the only universities who have been continually climbing in world rankings (TIMES, QS) - look at Tsinghua and Beijing University.
The writing is on the wall. Ray gets it.
If you apply these metrics to Russia (and the current war), than you will get some new insight.
you can't just pick around some years you need to show all the year so 1600-2023 to show the expansion and not picking random time periods
Muster up the courage. Your country is still great. It just needs to solve some intricate problems. You've been living easy lives for a decade. But don't give up easily. I think you are capable to do it.
Different ID, fraud. Don't make me a fool.
"Reflect upon the Past.
Embrace your Present.
Orchestrate our Futures." --Artemis
🐲✨🐲✨🐲✨
"Before I start, I must see my end.
Destination known, my mind’s journey now begins.
Upon my chariot, heart and soul’s fate revealed.
In time, all points converge, hope’s strength re-steeled.
But to earn final peace at the universe’s endless refrain,
We must see all in nothingness... before we start again."
🐲✨🐲✨🐲✨
--Diamond Dragons (series)
Awsome, Video. Thanks. I'm worried about FED printing more more more money.
Impressive.
Thank You
what the heck, fantastic video for advertisement, science and its best