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Price: $35.00
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Avid Reader Press 11/30/2021. New hardcover. in Brand New jacket. Store pick: It's as if Isaac Asimov based the protagonist of his 1942 novel, Foundation, on Ray Dalio, but Ray wasn't even born until 1949. Ray, the founder of the enormously successful hedge fund, Bridgewater, has applied the same techniques he used so successfully at Bridgewater (compile reams of historical data, develop theories and decision rules, backtest your theories with the help of computers against your historical data, refine and repeat) to understanding the rise and fall of empires and where the US currently stands, especially in relation to China. This is a very dense read, but it brings clarity to so many current events. One of my top reads of the year. -Jill Hendrix, store owner
Publisher Description
From the #1 New York Times bestselling author of Principles and legendary investor Ray Dalio, who has spent half a century studying global markets, 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.
A few years ago, renowned investor Ray Dalio began noticing a confluence of political and economic conditions he hadn't encountered before in his fifty-year career. They included large debts and zero or near-zero interest rates in the world's three major reserve currencies; significant wealth, political, and values divisions within countries; and emerging conflict between a rising world power (China) and the existing one (US). Seeking to explain the cause-effect relationships behind these conditions, he began a study of analogous historical times and discovered that such combinations of conditions were characteristic of periods of transition, such as the years between 1930 and 1945, in which wealth and power shifted in ways that reshaped the world order. Looking back across five hundred years of history and nine major empires--including the Dutch, the British, and the American--The Changing World Order puts into perspective the cycles and forces that have driven the successes and failures of all the world's major countries throughout history. Dalio reveals the timeless and universal dynamics that were behind these shifts, while also offering practical principles for policymakers, business leaders, investors, and others operating in this environment.Title: PRINCIPLES FOR DEALING WITH THE CHANGING WORLD ORDER: WHY NATIONS SUCCEED AND FAIL
ISBN Number: 1982160276
ISBN-13: 9781982160272
Location Published: Avid Reader Press: 2021
Binding: HARDCOVER
Jacket Condition: in Brand New jacket.
lbs: 2.12 lbs
Categories: Store Picks, Economics
Seller ID: 9781982160272