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  • Principles for Dealing with the Changing World Order

  • Why Nations Succeed or Fail
  • By: Ray Dalio
  • Narrated by: Jeremy Bobb, Ray Dalio
  • Length: 16 hrs and 48 mins
  • 4.7 out of 5 stars (735 ratings)
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Principles for Dealing with the Changing World Order

By: Ray Dalio
Narrated by: Jeremy Bobb,Ray Dalio
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Summary

From legendary investor Ray Dalio, author of the international best seller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes - but similar to those that have happened many times before.

A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies, big political and social conflicts within countries, especially the US, due to the largest wealth, political and values disparities in more than 100 years and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realisation sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years.

In this remarkable and timely addition to his Principles series, Dalio brings listeners along for his study of the major empires - including the Dutch, the British and the American - putting into perspective the 'Big Cycle' that has driven the successes and failures of all the world’s major countries throughout history.

Dalio reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead. 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2021 Ray Dalio (P)2021 Simon & Schuster UK

What listeners say about Principles for Dealing with the Changing World Order

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A New Appreciation for Macro Politics & Economics

Dalio never lets me down when synthesizing truly complex ideas and converging topics and turning them into something digestible. This book opened my eyes to what is really driving the loggerhead situation between the US and china and how it coincides with history that could bring us to a highly dangerous situation.

The book talks about long time frames, keeps the analysis relevant and shows how certain elements of the past typically determine the next phase of the future. Its similar to political cycle theory which has helped me trade stocks and assets knowing how to position myself and protect my family.

As someone who was very "anti-China" I also have a knew found understanding of how they position themselves as an emerging world power, the context behind it and likewise the strategy involved - typically over a very long period of time. Super interesting book and an absolute asset for people looking to explore these issues in more depth!

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One of the most important books of 2021

If you only have time for one more book this year, I'd highly recommend this one:"Principles for Dealing with the Changing World Order,
Why Nations Succeed or Fail." by Ray Dalio. In his characteristicly unswerving "seek truth through facts" manner, Dalio examines two thousand years of political and economic history and draws his conclusions. It is also full of very interesting graphs and tables. Not suitable for bedtime lecture though.

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4 people found this helpful

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He tried to avoid saying Bitcoin

Thought provoking, data driven and relevant. The author shied away from Bitcoin as a potential solution.

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Brilliant book

Thank you very much for sharing your knowledge with us MR Ray Dalio.
Pleasure to read due to care put by the author, for listener to easily absorb this immense and complex topic.
Priceless lesson of history, economics , politics and human nature.
Fantastic book.

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Great Book, PDF needs to be improved

The book is worth listening to and helpful in this turbulent times.
What needs to be improved is the accompanying PDF. All the graphs are simply chronologically in the PDF without any further information. At least the graphs could have been sorted I think chapters, better would be if even timestamps would be available that indicate I have which parts of the book they are talked about.

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Excellent coverage of historical aspect of empires

Really enjoyed the historical aspect of how empires grow and decline.
Was hoping to hear how Ray prepares his portfolio to cope with this change.

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Fun, but a history professor would rip this to pieces

I am a graduate of history and although I enjoyed the book, I couldn’t help repeatedly thinking about what my professors would say if I handed this in as a piece of work. They would say that I am making far too many bold, sweeping statements, being overly ambitious with my conclusions, and presenting opinions as facts.

Referring to June 4th 1989, Dalio’s careful use of the word ‘incident’ rather than ‘massacre’ (which is what most westerners know the event as) tells you all you need to know about his standpoint. His biases towards and conclusions on China are frustrating at times and it seems he emphasises certain things while ignoring others to support his points.

However, the book includes some interesting histories and I particularly enjoyed the history of the leading world powers and the development of their economics- around the middle of the book.

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Better read in paperback

It’s a good book. However it makes so many references to attached PDFs that it’s a bit distracting and takes away from the content.
Overall and interesting listen, narrated well…however my recommendation is to avoid this audio book and either read the paperback instead or watch the 45min summary on YouTube and get straight to the summary. Finance is in for a big change.

Winter is coming!….

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Not for your ears

Don't listen to this audio book. Read it. There are charts that are referenced several times in the book, which makes the listening experience quite bad. Furthermore, I'm starting to suspect the author gets paid by the number of words. I feel like many ideas could have been more succinctly expressed.

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Outstanding overview

Wish I’d read a book like this 40 years ago - the author expertly analyses the rise & fall of empires across the world, identifies common themes and points of failure, helping the listener or reader to apply the lessons of history to today’s world.
There are many references to appendices that are present in the print version or via a website which you’ll need access to in order to get best value from the book, but overall very highly recommended.

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