BOM - Principles for A Changing World Order by Ray Dalio
b'
Our book this month is by famed hedge fund manager Ray Dalio.
\\nHis observation is that every major surprise in market conditions had not been witnessed in his career as a trader on the floor of the NY Stock Exchange, nor had it been witnessed at any time before in his career.
\\nBut that doesn\\u2019t mean it was a first time event. If you bother to look back through history, these same events have occurred numerous times.
\\n. In his research, Ray researched the cycle of 10 cycles of world dominance involving the rise and fall of a great power. These transitions usually last about 150-200 years with transition period that last between 10-20 years. These transition periods are usually marked with a lot of conflict. The outgoing powers don\\u2019t go down without a fight.
\\n------------------
\\nHost: Victor Menasce
\\nemail: podcast@victorjm.com
'