Principles for Dealing with the Changing World Order

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Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

Principles for Dealing with the Changing World Order is the product of legendary investor Ray Dalio’s observation of a confluence of political and economic conditions he hadn’t encountered before. In this gripping addition to his Principles series, Ray examines history’s most unstable economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes. Principles for Dealing with the Changing World Order brings readers along the study of major empires, putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. In addition, Ray exposes 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.


"The book is a provocative read for those of us questioning where in the arc of history the American Empire resides and what may happen to the economy next. There are few times 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

"Ray Dalio has a special talent for identifying the key questions of our time. In this sweeping new book, he marshals a variety of economic, social, and political measures to trace the rise and decline of nations. It is a serious contribution—and an urgent warning to the West."

Henry Kissinger

"An audacious, practical guide to the rise and fall of empires over the last five hundred years of history—with important lessons for the U.S. and China today."

Graham Allison, Douglas Dillon Professor of Government at Harvard University and author of Destined for War

"Ray Dalio has a unique talent for making important and complex issues simple. I was riveted by his descriptions of the cause/effect relationships that drove the last five hundred years of history and how they provide practical guidance for dealing with what is happening now."

—Arianna Huffington

"A super provocative, super important must-read. It lines up a lot of facts to create a scary picture that’s hard to refute."

Bill Gates

"Ray Dalio’s latest book should be required reading for everyone. It would be irresponsible not to understand what Ray has laid out, steeped in history, serving as a roadmap for the future."

Mary Callahan Erdoes, CEO of J.P. Morgan Asset & Wealth Management

"Ray does an astounding job of giving us an inspiring and thought-provoking experience by looking at the rises and declines of empires, showing how economics, culture, military prowess, innovation, inequality, and other elements interact."

Jamie Dimon