Dalia, I Think He's Developed a Veneer to His Worldview
I think Dalia always tried to approach the world as both in his investing as more of a simplistic practical guy and his branding towards people out in the normies sphere. I think he's developed a almost politician like veneer to his worldview, which is an interesting thing to analyze because he obviously sits at a seat that has a lot of power and influence. And so when you're dealing at such large scale, you have to kind of take some of the playbooks from politicians and that you couch a lot of your language very carefully. You don't want to offend certain groups.
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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.
