Ray Dalio

And if you have a discipline problem, get help with the discipline problem.

Have somebody kick you out of bed or whatever it is that you can get there.

There is a path.

You just don't see the right path at the moment.

I look at three major forces that are happening now, haven't happened in our lifetimes.

but have happened many times in history.

And those three major forces are the creation of a lot of debt and the printing of a lot of money to buy that debt, particularly because the government is running large deficits, and so they don't have enough money, so that government has to print that money.

So that creation of all of that, that debt and its financial implications and its economic implications is one force.

The second force is the internal conflict, the amount of conflict that's internally largely due to the largest wealth gaps that we've had since the 30s.

And that produces populism of the left and the right, particularly when there are financial difficulties.

The third force

is the rising power, the challenging the existing power, largely in the form of China and to some extent Russia.

So let's call it the great power conflict.

Because in 1945, you know, there's this cycle.

You have a war, and after a war, you have winners, and the winners determine the rules of the game.

And then there's this evolution of others becoming more competitive, and then you have a conflict again for who's in control.

So we have that dynamic taking place.

So those three influences, the financial,

the internal conflict, external conflict influences, or having a dominant influence.

I learned before that when I was surprised, often it was because of things that hadn't happened in my lifetime before, but happened in history because of that reason.