Watch: Legendary investor Ray Dalio introduces his new book Principles for Dealing with the Changing World Order
More about the book!

Principles for Dealing with the Changing World Order by Ray Dalio is out now from Jonathan Ball Publishers.

Legendary investor Ray Dalio, author of the international bestseller Principles, has spent half a century studying global economies and markets. Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes – but similar to those that have happened many times before.

Dalio says:

‘I’m so glad to finally be releasing my new book, Principles for Dealing with the Changing World Order, today. A few years ago, I observed that we were experiencing things that had never happened in my life time but had happened many times before in history. As a global macro investor, I knew that I wouldn’t be able to understand and navigate what’s happening today—much less what may come—without having a deep understanding of the cause-effect relationships of economic events that are embedded in the patterns of history.

‘So I undertook a study of the rise and fall of major empires and their markets over the last 500 years. I converted this study into a book share what I learned. The book provides objective measures that show the forces that have driven the successes and failures of countries throughout history. Most importantly, it explains where we are and where we are going, describes the possibilities ahead, and provides practical advice for navigating what lies ahead.

‘My hope is that you’ll find the study as helpful as I have.’

A few years ago, Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realisation sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years.

In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires – including the Dutch, the British and the American – putting into perspective the ‘Big Cycle’ that has driven the successes and failures of all the world’s major countries throughout history.

Dalio reveals 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.

Watch a video of the author introducing his new book: