Yes, I wrote a study which was why and how capitalism needs to be reformed, which was a very

controversial study, but it's an obvious fact that if it's not benefiting the majority of the people,

okay, then just by its metrics of success, it's not going to be successful. But these types of

changes some have to be reformed because the country or the world as a whole has more resources

than it ever had. It has more intelligence than it ever had. But it has a choice. Is it going to go to

war or is it and which will make things worse than ever or is it going to try to find a way

together to make that better whole? That's the choice I think we face.

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 and Fail, Ray Dalio, The Head of Bridgewater, the biggest hedge fund in the

world joins us. Thank you so much for being here, Ray. Thank you for the opportunity to talk with

you and your audience. You kidding, Ray. I mean, I've admired you for a long time. And my first

question for you is why the heck are you doing this? Which what I mean by this is like you're putting

your thoughts and ideas out there. A lot of people in your line of work, I suppose, and even in your

book, you say, it's like, hey, some of the things I'm putting out there, some people are going to be

reactive to, and you talk about how polarized our climate is. Why is it so important for you to

get these ideas out there? Well, I'm at a stage in my life. I'm 72 years old and the most important

thing I could do is pass along whatever I have that's of value. So the main thing I feel in

natural pull to is passing along some of the principles that help me and then talking about

these issues. And then I'm going to then go quiet probably after I put out my next book,

which is economic investment principles. If we don't talk about these things, these very important

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