Happy Holidays everyone this week it's going to be the best of for all of 2022 listeners and

editors choices as to the greatest exchanges from a lot of incredible conversations have a

wonderful holiday with you in yours and we will see you in the new year 2022 best of coming up next

it is my pleasure and privilege to welcome to the podcast one of the greatest investors of all

time that's no exaggeration to say and number one New York Times bestselling author including

author of the extraordinary new book principles for dealing with a changing world order why nations

succeed in fail radolio the header bridge water the biggest hedge fund in the world joins us thank

thank you so much for being here right thank you for the opportunity to talk with you and your

audience you had a sentence in your book that I thought was maybe the strongest sentence I'd ever

seen from a business leader that I was not aware of and type read your your book in full which was

you said that you think that the odds of America slipping into a civil war type scenario over the next

10 years is around 30 percent and you characterize that as like not that high a risk I feel like that

should be a one headline news everywhere and by the way I'm with you like I I agree with you

here's what I think is happening and and probably will happen the populism of the left and the right

are individuals who will are fighters for those constituencies and there are very different

values very different approaches what that means is that there's little compromise and there's

much greater extremism very much like happened in Europe four major democracies in the 1930 to

45 period had this type of internal conflict that ended up their parliaments their

legislatures choosing to have autocracies that they went to autocracies on Germany Italy

on Japan and Spain and if you study history you see it was the same in the fresh red evolution the

Russian revolution the Cuban revolution the Chinese revolution which are all sort of civil wars

you lose the middle and because you have to say Andrew you got to get on one side or another in

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