Ray Dalio

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.

So to be able to adapt well

To invent yourself again, to adapt and to navigate that maybe with a perspective of knowing what those other times were like is the best thing to do.

So the reason I'm doing that series on LinkedIn is to help people understand what those times are like.

And then help them be prepared.

The reason I wrote the book Principles is so that it's a particular approach.

Because the same things happen over and over again for basically the same reasons.

And once you get that and you have the self-discipline to know how to play the game well, then you'll be fine.

Well, I'm as I say, I'm on social media and we and I'll interact with people on social media.

The standards, you know, LinkedIn, Twitter, Facebook and Instagram by and large.

But the more and the most valuable stuff is if you go to principles dot com, you can get the whole pile or I would say that some of those places, you know.

Well, the things that I thought about, some of the things I mentioned earlier, the plan for the worst case scenario and make it terrific is one of the things.

Yeah, so there's a cycle, there are orders, there are systems, right?

So there's a monetary order.

How does the economy work?

You put in money, creates credit.