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In this book, Ray Dalio analyzes the most turbulent economic and political periods in history to identify repeating patterns and cause/effect relationships that drive changes in wealth and power. He studies the rise and fall of major empires, including the Dutch, British, American, Chinese, Soviet, and Japanese empires, highlighting the 'Big Cycle' that has driven their successes and failures. Dalio uses these historical insights to offer practical principles for understanding the current world order and preparing for the future. The book is organized into 14 chapters, each focusing on a different aspect of the changing world order, and it weaves together history and economics using real-world examples.
In this revised and expanded edition of the groundbreaking New York Times bestseller, Dan Ariely uses a series of illuminating experiments to show how expectations, emotions, social norms, and other invisible forces skew our reasoning abilities. Ariely explains how we consistently overpay, underestimate, and procrastinate, and how these behaviors are neither random nor senseless but systematic and predictable. The book covers various aspects of decision-making, from the power of placebos to the effects of social and financial norms, and offers insights into how to make better decisions by understanding these irrational patterns.
In 'Principles: Life and Work', Ray Dalio shares the principles he has developed over his career that have helped him achieve success. The book is divided into three sections: the first section explains how Dalio's principles were formed from his personal and professional experiences; the second section outlines life principles, such as embracing reality, being radically open-minded, and understanding the importance of pain and reflection in personal growth; and the third section focuses on work principles, including the use of radical truth and radical transparency to transform an organization. Dalio advocates for systematizing decision-making into algorithms, learning from failures, and building a culture where it is okay to make mistakes but unacceptable not to learn from them.
You’re likely under pressure with the rest of the world, making decisions under intense unprecedented levels of stress. The good news is that you’re not alone. Right now, even if you’re not watching the news or following every political conversation, you know the tension is there. With everyone, including you walking on eggshells, how do you make good decisions?
Chances are you don’t think of your decisions in terms of being ethical or not, but in the grand scheme of life as a citizen of planet Earth, every decision you made so far today has been ethical or unethical. Dr. Susan Liautaud is an Ethics Expert who advises global leaders and international businesses how to develop strategic solutions to the complex ethical challenges they face. In this conversation she and Tom get deep into the weeds of what an ethical framework is, if “Cancel Culture” and the massive division we’re experiencing is ethical, and how you can live your life well and make better ethical decisions.
ORIGINAL AIR DATE: 7-12-22
SHOW NOTES:
0:00 | Introduction to Susan Liautaud
0:23 |What Makes Your Decisions Ethical
14:15 | Defining Hard Ethical Lines
32:36 | Cancel Culture & Massive Division
47:07 | Racism & Unconscious Biases
55:45 | Questionable Truths Shaping Reality
1:05:20 | Rules for Ethical Living
1:10:44 | There’s No Utopia Only Trade Offs
1:19:38 | Big Ethical Questions
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