Over the past five years, Ray Dalio, one of America’s most successful investors, has published a series of books, each meant to impart wisdom to a younger generation. The first book, Principles: Life and Work, shared the unconventional principles that have guided his life and career. It became a bestseller, selling well over one million copies. Next came Big Debt Crises, a study of financial crises and how nations navigate them. Finally, he has just published his latest bestseller, Principles for Dealing with the Changing World: Why Nations Succeed and Fail. A history of the rise and fall of empires over the last 500 years, the book uses the past to contemplate the future, particularly the fate of the United States and China. As was the case with Principles, Dalio has produced an animated video that explains key ideas in the book. Released in early March, the video has already been viewed 8.6 million times. Watch it above, and consider pairing it with his other animated video, How the Economic Machine Works.
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