Economics and politics have swings between the left and the right in varying extremes as the excesses of each become intolerable and the memories of the problems of the other fade.

<ul><li>Know all the possibilities, think about the worst-case scenarios, and then find ways to protect yourself against them.</li><li>Diversify </li><li>Put deferred gratification ahead of immediate gratification so you will be better off in the future.</li><li>Triangulate among the smartest people possible.</li></ul>

Ways For Dealing With Uncertainty 

There are 3 major forces that drive the rise and fall of nations:<ol><li>The changing relative powers of countries: As countries rise and fall in power, the world order changes.</li><li>The changing relative productivity of countries: As countries become more or less productive, their wealth and power also change.</li><li>The changing values of countries: As countries' values change, so too does their behavior on the world stage.</li></ol>

The Rise And Fall Of Nations

The world order is currently in a state of flux, and the next few decades will be a period of great change and upheaval. There are 3 key trends that are driving this change:<ol><li>The rise of China: China is rapidly becoming a major economic and military power, and its rise is challenging the US-led world order.</li><li>The decline of the West: The US and other Western countries are facing a number of challenges, including demographic decline, economic stagnation, and political polarization.</li><li>The rise of populism and nationalism: Populist and nationalist movements are on the rise around the world.</li></ol>

Trends Driving The Change In The Next Decades

Dealing with the future comes from understanding how things change. You can understand how things change by studying how they changed in the past.

Dealing With The Future

History repeats itself, and by studying it we can be better prepared about what the future brings

NEW YORK TIMES BESTSELLER “A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with 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—and to offer practical advice on how to navigate them well. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead.

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Raymond Dalio (born August 8, 1949) is an American investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds.

RAY DALIO

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