Zion D'Aulye's new book is a little bit above the standard airport fair. I think he earned more of his success through kind of YouTube and people liked actually what he had to say, and they would subscribe as opposed to this kind of push model where he'd get on the fucking talk shows. He used to be of substance now. His work on the money history of money was pretty good, but go ahead. If I remember anything. But anyways, at least this kind of book falls into that category, airport, econ, breed,. right? Neil, Neil. Yeah, it's just Neil. That's what I was saying. Bill Ackman, all
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.
