#251 – Ray Dalio: Money, Power, and the Collapse of Empires

About this episode

<p>Ray Dalio is an investor, author, and founder of Bridgewater Associates. Please support this podcast by checking out our sponsors:<br /> &#8211; <b>Athletic Greens</b>: <a href="https://athleticgreens.com/lex">https://athleticgreens.com/lex</a> and use code LEX to get 1 month of fish oil<br /> &#8211; <b>GiveWell</b>: <a href="https://www.givewell.org/">https://www.givewell.org/</a> and use code LEX to get donation matched up to $1k<br /> &#8211; <b>Magic Spoon</b>: <a href="https://magicspoon.com/lex">https://magicspoon.com/lex</a> and use code LEX to get $5 off<br /> &#8211; <b>Blinkist</b>: <a href="https://blinkist.com/lex">https://blinkist.com/lex</a> and use code LEX to get 25% off premium<br /> &#8211; <b>MasterClass</b>: <a href="https://masterclass.com/lex">https://masterclass.com/lex</a> to get 15% off</p> <p><b>EPISODE LINKS:</b><br /> Ray&#8217;s Twitter: <a href="https://twitter.com/RayDalio">https://twitter.com/RayDalio</a><br /> Ray&#8217;s Instagram: <a href="https://www.instagram.com/raydalio">https://www.instagram.com/raydalio</a><br /> Books &#38; resources mentioned:<br /> Ray&#8217;s books: <a href="https://amzn.to/3swN5uw">https://amzn.to/3swN5uw</a><br /> Ray&#8217;s free personality test: <a href="https://principlesyou.com/">https://principlesyou.com/</a></p> <p><b>PODCAST INFO:</b><br /> Podcast website: <a href="https://lexfridman.com/podcast">https://lexfridman.com/podcast</a><br /> Apple Podcasts: <a href="https://apple.co/2lwqZIr">https://apple.co/2lwqZIr</a><br /> Spotify: <a href="https://spoti.fi/2nEwCF8">https://spoti.fi/2nEwCF8</a><br /> RSS: <a href="https://lexfridman.com/feed/podcast/">https://lexfridman.com/feed/podcast/</a><br /> YouTube Full Episodes: <a href="https://youtube.com/lexfridman">https://youtube.com/lexfridman</a><br /> YouTube Clips: <a href="https://youtube.com/lexclips">https://youtube.com/lexclips</a></p> <p><b>SUPPORT &#38; CONNECT:</b><br /> &#8211; Check out the sponsors above, it&#8217;s the best way to support this podcast<br /> &#8211; Support on Patreon: <a href="https://www.patreon.com/lexfridman">https://www.patreon.com/lexfridman</a><br /> &#8211; Twitter: <a href="https://twitter.com/lexfridman">https://twitter.com/lexfridman</a><br /> &#8211; Instagram: <a href="https://www.instagram.com/lexfridman">https://www.instagram.com/lexfridman</a><br /> &#8211; LinkedIn: <a href="https://www.linkedin.com/in/lexfridman">https://www.linkedin.com/in/lexfridman</a><br /> &#8211; Facebook: <a href="https://www.facebook.com/lexfridman">https://www.facebook.com/lexfridman</a><br /> &#8211; Medium: <a href="https://medium.com/@lexfridman">https://medium.com/@lexfridman</a></p> <p><b>OUTLINE:</b><br /> Here&#8217;s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.<br /> (00:00) &#8211; Introduction<br /> (08:14) &#8211; Money or power<br /> (11:50) &#8211; Big Cycle<br /> (31:43) &#8211; Collapse of the American Empire<br /> (40:10) &#8211; War<br /> (43:18) &#8211; Xi Jinping<br /> (49:21) &#8211; Importance of freedoms<br /> (55:24) &#8211; Democracy&#8217;s vulnerability<br /> (58:49) &#8211; Communism&#8217;s vulnerability<br /> (1:05:50) &#8211; Vladimir Putin<br /> (1:09:55) &#8211; Understanding China<br /> (1:17:23) &#8211; Henry Kissinger<br /> (1:27:44) &#8211; Elon Musk and Dogecoin<br /> (1:29:41) &#8211; How to take notes<br /> (1:33:24) &#8211; Advice for young people<br /> (1:37:30) &#8211; Hope for humanity</p>