While Dalio inspired readers with his life story and leadership philosophy in Principles, his new book raises alarm bells about problems for which there are no clear solutions.

Those readers may find The Changing World Order to be both eye-opening and potentially frustrating-it is more an academic study versus investment playbook. “ a big thinker and brilliant academic disguised as an investment manager.” Thanks to his bestselling 2017 book Principles, Dalio has become something of a celebrity and cult hero to the millions of readers drawn to his leadership philosophy of “radical transparency.” As a result, Dalio’s new book could attract an audience far bigger than the usual fans of his macroeconomic missives. Instead of writing up his views on the global business landscape for an audience of clients who’ve bought into his fund and stand to profit from his investment strategy, Dalio is sharing them with the wider world.

What’s different now is not just the scope of the problem but Dalio’s ability to amplify it. He famously made money during the 1987 stock market crash and predicted the 2008 financial crisis, which enabled his fund to outperform during that crash, too. Treasury Secretary Hank Paulson describes him as a “big thinker and brilliant academic disguised as an investment manager.” Moreover, Paulson adds, Dalio’s assessment of macroeconomic risks and strategies is often right. Ray Dalio, Founder of Bridgewater Associatesĭalio has built his business and net worth, which Forbes estimates at roughly $20 billion, on figuring out where the world is going and designing investment strategies to profit from it. We can have a type of civil war or international war based on how we are behaving with each other and our financial conditions.” It would be irresponsible not to understand what Ray has laid out, steeped in history, serving as a roadmap for the future.“It’s very important that we deal with this now. “Ray Dalio’s latest book should be required reading for everyone. Dalio has identified metrics from history that can be applied to today.” “An excellent, deeply thoughtful study of what drives the rise and demise of economic cycles and empires” “Ray shows how to learn from history to not repeat the mistakes that lead to the downfall of nations.” “This may well be the most important book of the year, if not the decade.” “An astounding, inspiring, and thought-provoking look at the rises and declines of empires.” “Important lessons for the US and China today.” “After reading this book, you probably won’t see the world the same again.” “Essential reading to understand our times.” “A serious contribution and an urgent warning.”

Ray dalio book changing world order