Ray Dalio

And then you could start to think about it.

So it's at that level of knowing yourself and knowing how these things happen over and over again that you can achieve your path.

Don't be surprised.

Most life is the same things that happen over and over again.

You're born, you probably have parents to take care of you.

Maybe you have one, maybe you have two, but somebody does.

They teach you.

You have your first phase of your life where you're dependent on them and you're learning.

Then you come out to your second phase of your life

And then you're working and others are dependent on you and then you have that.

So these things happen over and over again.

And you just have to know that path and know how to approach it.

Well, all currencies eventually die and all empires eventually diminish and there are other empires.

And the question is essentially the pace of how that happens.

I think that, but for most of your listeners, it's most likely going to happen in a way that's tolerable if you can manage it well.

Think about the decline of the British Empire and you see a people who are living in London and so on.

It's not that the world blows up.

It's that they have to readapt and they know how to readapt.

And so I think that we're going to come through more difficult times.

I think the next three to five years will be difficult times in ways that haven't existed in their lifetime, but has existed in other periods of time, like the 1930 to 45 period.