Ray Dalio | The All-In Interview

The world order has changed numerous times in the past and will continue to do so—so argues Ray Dalio in Principles for Dealing with the Changing World Order, in which he explains how he makes sense of human history in order to anticipate what’s coming next. Having studied the rises, peaks, and falls of over a dozen major empires, Dalio argues that history “rhymes” and that we can learn to recognize where we are in its repeating cycles. With that knowledge, we can make better decisions in life, business, and investing.

Dalio is an American billionaire investor and founder of Bridgewater Associates. Our guide explains his principles for understanding the large-scale patterns of cause-and-effect that drive history as well as his predictions for what’s next—which chiefly concern the unfolding relationship between the US, a major power on the decline, and China, a major power on the rise. In commentary, we explore additional perspectives on the patterns of history, and we offer numerous real-world examples of the concepts Dalio discusses.

In The Deficit Myth, economist Stephanie Kelton contends that nearly all of the public discourse about national debts and deficits gets the facts entirely wrong. A leading proponent of Modern Monetary Theory (MMT), Kelton champions more aggressive deficit spending by arguing that the U.S. government could finance any program it wishes to create. She advocates a more holistic view of the economy—contending that we ought to focus on poverty reduction, combating climate change, and building a more just and equitable society as the true measures of economic success, rather than focusing solely on the narrow budgetary impacts of legislation.

This guide adds perspective from other economic experts—including voices from outside the MMT community who question Kelton’s theories—in order to present a more nuanced and balanced view of the economic ideas in the book.

Have you ever wondered how the economy works - how millions of individuals can buy and sell goods and services without a master coordinator? Have you wondered why we use money, rather than bartering our services with each other? Why do some nations prosper, while others stay poor despite vast natural resources?

Basic Economics by Stanford economist Thomas Sowell is an incredibly useful, broad introduction to economics. Containing no math, it instead communicates intuitive principles that will help you understand how market transactions work and the effect of policies on the economy. Understand how prices for goods are set, why rent control has bad side effects, and the purpose of brand names.

The US federal debt is rising at an unprecedented rate. It’s projected to climb from 97% of GDP in 2023 to 116% by 2034—raising concerns about potential economic implications for the US and global economy. Key factors include increased spending, decreased taxes, national emergencies, and health care and defense costs. Experts recommend considering tax increases for wealthier individuals and proactively addressing long-term fiscal imbalances.

In The Deficit Myth, economist Stephanie Kelton contends that nearly all of the public discourse about national debts and deficits gets the facts entirely wrong. A leading proponent of Modern Monetary Theory (MMT), Kelton champions more aggressive deficit spending by arguing that the U.S. government could finance any program it wishes to create. She advocates a more holistic view of the economy—contending that we ought to focus on poverty reduction, combating climate change, and building a more just and equitable society as the true measures of economic success, rather than focusing solely on the narrow budgetary impacts of legislation.

This guide adds perspective from other economic experts—including voices from outside the MMT community who question Kelton’s theories—in order to present a more nuanced and balanced view of the economic ideas in the book.

Have you ever wondered how the economy works - how millions of individuals can buy and sell goods and services without a master coordinator? Have you wondered why we use money, rather than bartering our services with each other? Why do some nations prosper, while others stay poor despite vast natural resources?

Basic Economics by Stanford economist Thomas Sowell is an incredibly useful, broad introduction to economics. Containing no math, it instead communicates intuitive principles that will help you understand how market transactions work and the effect of policies on the economy. Understand how prices for goods are set, why rent control has bad side effects, and the purpose of brand names.

The US federal debt is rising at an unprecedented rate. It’s projected to climb from 97% of GDP in 2023 to 116% by 2034—raising concerns about potential economic implications for the US and global economy. Key factors include increased spending, decreased taxes, national emergencies, and health care and defense costs. Experts recommend considering tax increases for wealthier individuals and proactively addressing long-term fiscal imbalances.

In The Deficit Myth, economist Stephanie Kelton contends that nearly all of the public discourse about national debts and deficits gets the facts entirely wrong. A leading proponent of Modern Monetary Theory (MMT), Kelton champions more aggressive deficit spending by arguing that the U.S. government could finance any program it wishes to create. She advocates a more holistic view of the economy—contending that we ought to focus on poverty reduction, combating climate change, and building a more just and equitable society as the true measures of economic success, rather than focusing solely on the narrow budgetary impacts of legislation.

This guide adds perspective from other economic experts—including voices from outside the MMT community who question Kelton’s theories—in order to present a more nuanced and balanced view of the economic ideas in the book.

The world order has changed numerous times in the past and will continue to do so—so argues Ray Dalio in Principles for Dealing with the Changing World Order, in which he explains how he makes sense of human history in order to anticipate what’s coming next. Having studied the rises, peaks, and falls of over a dozen major empires, Dalio argues that history “rhymes” and that we can learn to recognize where we are in its repeating cycles. With that knowledge, we can make better decisions in life, business, and investing.

Dalio is an American billionaire investor and founder of Bridgewater Associates. Our guide explains his principles for understanding the large-scale patterns of cause-and-effect that drive history as well as his predictions for what’s next—which chiefly concern the unfolding relationship between the US, a major power on the decline, and China, a major power on the rise. In commentary, we explore additional perspectives on the patterns of history, and we offer numerous real-world examples of the concepts Dalio discusses.

What are the greatest threats to democracy today? How do healthy democratic states descend into illiberalism and authoritarian rule—and how can defenders and proponents of democracy prevent this from happening?

In Shortform’s Master Guide to Threats to Democracy, we’ve synthesized the ideas and recommendations of some of the world’s leading political scientists from across the ideological spectrum to bring insight to this important—and timely—question. We’ll explore forces like polarization, the decline of democratic norms, and extreme wealth inequality that combine to weaken and undermine democratic institutions.

We’ll also examine some of the ways proponents of democracy can promote stronger and healthier democratic institutions through specific institutional reforms, new economic policies to combat inequality, and actions at the individual and grassroots levels to overcome the social divisions that corrode democracy.

The world order has changed numerous times in the past and will continue to do so—so argues Ray Dalio in Principles for Dealing with the Changing World Order, in which he explains how he makes sense of human history in order to anticipate what’s coming next. Having studied the rises, peaks, and falls of over a dozen major empires, Dalio argues that history “rhymes” and that we can learn to recognize where we are in its repeating cycles. With that knowledge, we can make better decisions in life, business, and investing.

Dalio is an American billionaire investor and founder of Bridgewater Associates. Our guide explains his principles for understanding the large-scale patterns of cause-and-effect that drive history as well as his predictions for what’s next—which chiefly concern the unfolding relationship between the US, a major power on the decline, and China, a major power on the rise. In commentary, we explore additional perspectives on the patterns of history, and we offer numerous real-world examples of the concepts Dalio discusses.

The 21st century will bring changes and challenges unlike any humans have encountered before. Globalism and technological innovations are changing the structures of societies worldwide—and the changes are happening quickly. If people don’t face these challenges and help shape the future, the world could have a class of obsolete workers whose jobs have been automated and people could lose their ability to make their own decisions. In 21 Lessons for the 21st Century, Yuval Noah Harari highlights the biggest challenges in the modern world, and he offers advice on making sense of and navigating such transitional times.

In this summary, you'll learn how algorithms like Netflix movie recommendations are teaching you to distrust your own judgment, why religion can’t solve 21st-century challenges, and how automation will threaten the jobs of humans in every industry.

Experts warn that reliance on AI in the financial sector could exacerbate future economic recessions by disrupting financial systems, worsening job losses, and causing supply chain breakdowns. The financial sector’s reliance on a limited number of non-transparent AI models increases its vulnerability, as these systems could behave unpredictably or fail during crises, intensifying economic downturns.