Is There a Difference Between Race and Cosmic Crisp Apples?
"I don't expect honesty from somebody who's in a position to lose a lot," he says. "My expectations, I guess, are just not like, I don't expect everything laid out on the table for you." He adds that his goal is really just to come up with something that works and whether we disagree or not isn't into dispute.
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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.
