I think there's some value in finance but I think it's way too big in the United States as Dalio's book actually quantitatively shows he doesn't really highlight it verbally. The U.S basically it's only fucking strength is finance and that's horrible you know I'd rather have bridges that you know don't fall over that's China's strength so you know give the give the finance guy credit where credits do, says Donald Trump.
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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.
