An Urgent Warning on the Times Ahead with the Founder of the World's Largest Hedge Fund: Ray Dalio (#89)
3 Takeaways
00:00
What Are the Positive and Negative Cycles?
The cycle starts whence things start anew there's a new order. A new order means a new system, and usually it comes after a war. The industrial revolution led to the gilded age - they produce very large wealth gaps. And over a period of time, they also produce a belief in most people that thepo perity will continue. So quite often that leads to bubbles with large wealth caps. Also, what happens during that cycle is that there's a rise in competitors around the world.
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