What Is the Difference Between Scholarship and Authority?
I would really appreciate if somebody you know they don't have to advocate I'm not saying like you need to write a book about the subjects particularly that interest me it's that you should you prove to me that you're serious person if by at least touching them. You could be rewriting a book about gardening and I expect to just see some material in there well okay this is content this is sort of a repeat of what we've already covered but I'll sort of maybe try to put any spin on it "There may be a little to you to you but I think that you've learned from your life that are yeah yeah to me"
Transcript
chevron_right
Play full episode
chevron_right
Transcript
Episode notes
Ray Dalio, founder of Bridgewater Associates, has written several books on the world of investing and the economy in general based on his years of experience as manager of the world’s largest hedge fund. In the latest of his ‘Principles’ series, Dalio applies his quantitative approach of macro investing to analyzing countries, seeking to identify the factors that lead to strength such as education and work ethic, as well as lagging indicators such as a reserve currency that allow a country to spend beyond its means but ultimately presage a fall from dominance. Notably, Dalio sees China’s rise to the top of global power as likely, with America, while ahead, slowly declining. Tonight we debate the merits of his analysis, as well as the overall validity of a global macroeconomic approach that overlooks key factors such as demographics in forecasting long term power status.