Ray Dalio: Money, Power, and the Collapse of Empires | Lex Fridman Podcast #251

Ray Dalio is an investor, author, and founder of Bridgewater Associates. Please support this podcast by checking out our sponsors:
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EPISODE LINKS:
Ray’s Twitter: https://twitter.com/RayDalio
Ray’s Instagram: https://www.instagram.com/raydalio
Books & resources mentioned:
Ray’s books: https://amzn.to/3swN5uw
Ray’s free personality test: https://principlesyou.com/

PODCAST INFO:
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Apple Podcasts: https://apple.co/2lwqZIr
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Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4
Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41

OUTLINE:
0:00 – Introduction
0:42 – Money or power
4:18 – Big Cycle
24:11 – Collapse of the American Empire
32:38 – War
35:45 – Xi Jinping
41:49 – Importance of freedoms
47:52 – Democracy’s vulnerability
51:17 – Communism’s vulnerability
58:18 – Vladimir Putin
1:02:23 – Understanding China
1:09:51 – Henry Kissinger
1:13:24 – Bitcoin
1:20:12 – Elon Musk and Dogecoin
1:22:09 – How to take notes
1:25:52 – Advice for young people
1:29:58 – Hope for humanity

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