I would argue that you need to get power before you can do the right thing unfortunately because that's just how the system works. I guess it really comes down to whether or not Ray Dalio's grandchildren have squinty eyes or not well this comes down to a evolutionary strategy if he's got more than one kid you know he doesn't mean you don't have to bet on one number on roulette you can bet on more than one right so I guess that's a hedge fund a hedge fund mindset building a family and pretty much a community Well literally hedge fund means you're hedging your bets so maybe that's what he's doingYeah I don't know if it's possible but
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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.
