TIP410: The Changing World Order W/ Ray Dalio

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 2 January 2022

⏱️ 108 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU'LL LEARN:

5:06 - Why Dalio believes the U.S. is in danger of a dramatic and turbulent decline.
11:23 - How China is rapidly rising to become the world’s dominant power.
30:30 - Why Dalio warns that cash and bonds are terrible bets in today’s environment.
39:48 - Why Dalio views diversification as “the most important thing”.
41:52 - Is Bitcoin a speculative craze or a smart hedge against inflation?
1:04:57 - How to succeed by being “radically truthful”.
1:16:21 - How a disastrous mistake turned into one of the best experiences of Dalio’s life.
1:23:44 - How meditation has strengthened Dalio’s creativity, equanimity, and resilience.
1:34:45 - What Dalio has learned from the devastating loss of his son.
1:37:42 - Why Dalio’s faith in the power of evolution makes him hopeful for the future.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Ray Dalio’s book Principles for Dealing with The Changing World Order.
Ray Dalio’s YouTube talk on How the Economic Machine Works.
William Green’s book, Richer, Wiser, Happier – read reviews of this book.
Stig’s conversation with William Green about Richer, Wiser, Happier.
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI P.
0:30.3	I've said it before I will happily say it again. It's the best investment book I've read in 2021.
0:35.3	So it's just honored to welcome you as our new host here on Restorability and Ice Feed.
0:40.4	Thanks so much. I've been a great admirer of the investors podcast ever since I first came
0:46.2	on the show as I guest about seven years ago, I think, and saw just what a superb job you
0:50.8	and Preston do of conducting these really thoughtful in-depth interviews. So I'm thrilled to be joining
0:56.9	you as a co-host. It's an exciting new adventure for me.
1:01.0	And it's exciting new adventure for us, William, because aside from today's episode with Red
1:06.0	L U, starting in March, I have a two announce that you will once a quarter host a six episode
1:11.5	mini-series here in the Wee Study Billioness feed and the mini-series which you will host
1:16.8	will be branded as Rachel Weissha happier. William, who have you invited to your show for
1:21.9	the first mini-series?
1:23.2	I've got some wonderful investors lined up for my first interviews, including Howard
1:28.1	Marks, Joe Greenblatt, Bill Miller, Monish Pabry, all of whom are key figures in Rachel Weissha
1:35.3	happier. Usually I would interview great investors like these in private and then I'd write about
1:40.9	it and you'd get to read the results of the interview years later. So this time, for
1:46.0	the first time ever in my career, our audience is going to get to listen in on the conversation
1:51.3	itself. So I really hope they enjoy it.
1:54.0	I'm sure the well and what a lineup. It doesn't get any better than that. Speaking of things
1:58.5	almost can't get no better, we are here today to talk about Red L U's new book, Principles
2:03.6	for dealing with the changing world order. It was a marvelous interview and it's a fantastic
2:08.2	book. And I just wanted to to preface the interview by saying that Red L U has had such
	...

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