Ray Dalio

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.

People with credit do things with that.

They borrow.

If they can earn enough money to pay back, the system works well.

They create productivity.

They create opportunities, the capital markets and so on.