"It shouldn't be surprising to you that I was unable to read this book not really Zian as far as like popular stuff goes," he said. "I actually I limit his I sort of put a deflator on all his hyperbolic claims because of that because I think he's biased and I do the opposite with the audio." He added: "He makes his money actually making bets which is harder and being right about it over a long period of time is way harderYou can get lucky sure"
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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.
