Now this is good advice and applies to all. This brings me to the related question- how many of us are actually surprised about the Russia-Ukraine war?ģ. Built to last? The book says, “anyone who studies history can see that no system of government, no economic system, no currency, and no empire lasts forever, yet almost everyone is surprised and ruined when they fail.” Hence, the times ahead will likely be radically different from those we’ve experienced in our lifetimes. So one could say that the depression periods were transition periods between the normally peaceful periods.Ģ. I saw that the peaceful/creative periods lasted much longer than the depression/revolution/war periods, typically by a ratio of 5: 1. This Big Cycle produces swings between 1) peaceful and prosperous periods of great creativity and productivity that raise living standards a lot and 2) depression, revolution, and war periods when there is a lot of fighting over wealth and power and a lot of destruction of wealth, life, and other things we cherish. All the empires and dynasties he studied rose and declined in a classic Big Cycle that has clear markers. The Big Cycle: Dalio says that a very successful empire or dynasty could have its cycle last 200 or 300 years. Let's dive into some more gems from the book.ġ.
The only things that change are the clothes the characters are wearing, the language they are speaking, and the technologies they're using.” Jolly! I’m going to serve you my favourite line from the book out front- “I've come to believe that throughout history there are only a limited number of personality types going down a limited number of paths, which leads them to encounter a limited number of situations to produce a limited number of stories that repeat over time. So within the book is a shorter version of the book. putting a red dot in front of them and italicizing.”.I also wanted to convey some principles that are timeless and universal truths for dealing with reality well, which I denote by He says, “If you want to read the concise version, read what is in bold…. But Dalio helps us out in the introduction. Fair warning, Principles for Dealing With the Changing World Order is 576 pages long. Then I read a glowing review about Dalio's book by Mark Cuban, “How do we learn from history so that we don’t repeat the same mistakes that have led to the downfall of nations?”Īll in all, I was terribly curious about Ray Dalio and his writings. Robbins featured billionaire investor Dalio’s insights in his book Master the Game: 7 Simple Steps to Financial Freedom. I first heard about Ray Dalio in a Tony Robbins interview.
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