• Principles for Dealing with the Changing World Order

  • Why Nations Succeed or Fail
  • By: Ray Dalio
  • Narrated by: Jeremy Bobb, Ray Dalio
  • Length: 16 hrs and 48 mins
  • 4.7 out of 5 stars (134 ratings)

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Principles for Dealing with the Changing World Order  By  cover art

Principles for Dealing with the Changing World Order

By: Ray Dalio
Narrated by: Jeremy Bobb,Ray Dalio
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Publisher's Summary

From legendary investor Ray Dalio, author of the international best seller Principles, who 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.

A few years ago, Ray 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 listeners 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. 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2021 Ray Dalio (P)2021 Simon & Schuster UK

What listeners say about Principles for Dealing with the Changing World Order

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Uncovers more of what we already know

The cycles and non/low political view are the hightlights of this audiobook, even though it repeated itself from chapter to chapter. All in all a good listen and could be much shorter

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Informative and thought provoking

I can recommend this book, it’s informative, thought provoking and useful if you are someone who is not sure how to manage their wealth especially over a period of global uncertainty. My only criticism is that it often reads like an economics textbook

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Absolutely brilliant

I’m a huge fan of Ray Dalio and his work (both investment and literary). Can’t wait to read his future Magnus Opus and will definitely be re-reading this one.

- Roman

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Good but long

Listened at x1.4 and really struggled to get through it. The books ok but didn’t take away that much that I have done from other in depth, books
Last two chapters most interesting, can’t remember much from the others.
I give it four stars becuase it’s got a lot of effort and good in sight and research but jus didn’t capture me

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Great informative book. Courageous author

Well researched subject with compelling data to support the book's conclusions. Author not afraid of being labelled for telling the true. All empires fails, it's now America's term. What and how we deal with this fact is the main point to this book. Great job, Mr. Dalio.

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A Bird's Eye View

The strongest conveyed message relates to cause and effect of not only financial, but also political and social sectors. Learn from the past in order to best position yourself through the assessment of current affairs.

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As expected, Ray Dalio goes above and beyond

This book is very detailed and a true future leading principle that will help me in the upcoming years.

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Outstanding global view

Highly enlightening, history-driven model of the rise and fall of empires. Has given me a clear and comprehensive perspective on global dynamics between countries, across history and into the future. Highly recommended.

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Excellent

This book should be suggested as compulsory reading in high school from date of publishing on.
Scarely amazing!

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  • Joshua
  • 12-13-21

A New Appreciation for Macro Politics & Economics

Dalio never lets me down when synthesizing truly complex ideas and converging topics and turning them into something digestible. This book opened my eyes to what is really driving the loggerhead situation between the US and china and how it coincides with history that could bring us to a highly dangerous situation.

The book talks about long time frames, keeps the analysis relevant and shows how certain elements of the past typically determine the next phase of the future. Its similar to political cycle theory which has helped me trade stocks and assets knowing how to position myself and protect my family.

As someone who was very "anti-China" I also have a knew found understanding of how they position themselves as an emerging world power, the context behind it and likewise the strategy involved - typically over a very long period of time. Super interesting book and an absolute asset for people looking to explore these issues in more depth!

3 people found this helpful

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  • Peter H.
  • 12-04-21

One of the most important books of 2021

If you only have time for one more book this year, I'd highly recommend this one:"Principles for Dealing with the Changing World Order,
Why Nations Succeed or Fail." by Ray Dalio. In his characteristicly unswerving "seek truth through facts" manner, Dalio examines two thousand years of political and economic history and draws his conclusions. It is also full of very interesting graphs and tables. Not suitable for bedtime lecture though.

3 people found this helpful

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  • Lucky Isah
  • 12-19-21

He tried to avoid saying Bitcoin

Thought provoking, data driven and relevant. The author shied away from Bitcoin as a potential solution.

2 people found this helpful

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  • Christoph L.
  • 03-07-22

Great Book, PDF needs to be improved

The book is worth listening to and helpful in this turbulent times.
What needs to be improved is the accompanying PDF. All the graphs are simply chronologically in the PDF without any further information. At least the graphs could have been sorted I think chapters, better would be if even timestamps would be available that indicate I have which parts of the book they are talked about.

1 person found this helpful

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  • John
  • 12-09-21

Excellent coverage of historical aspect of empires

Really enjoyed the historical aspect of how empires grow and decline.
Was hoping to hear how Ray prepares his portfolio to cope with this change.

1 person found this helpful

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  • Piotr P.
  • 11-30-22

Brilliant book

Thank you very much for sharing your knowledge with us MR Ray Dalio.
Pleasure to read due to care put by the author, for listener to easily absorb this immense and complex topic.
Priceless lesson of history, economics , politics and human nature.
Fantastic book.

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  • Mr Nick McIvor
  • 11-29-22

Fantastic Insight

This is a great insight into how society rises and falls with great examples throughout history.

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  • Mr G-side
  • 11-07-22

Very good, but....

Very good but difficult to listen to 'on the go' as there a lot of pdfs/charts to refer to which you cant do whilst driving.

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  • Anonymous User
  • 10-20-22

History and finance

Great book for those who like to understand better how this world works

I will listen this again, for recall

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  • Anonymous User
  • 10-19-22

Not for your ears

Don't listen to this audio book. Read it. There are charts that are referenced several times in the book, which makes the listening experience quite bad. Furthermore, I'm starting to suspect the author gets paid by the number of words. I feel like many ideas could have been more succinctly expressed.

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  • Craig
  • 01-14-22

Informative but not without bias

Very pedantic start, almost lost me with the opening 2x chapter lecture on what he intends to tell us. Once underway, much better with some good informative macro economic lessons… however, his pro-China bias is very evident where he consistently points out and praises China’s strengths, but neglects to mention it’s weaknesses (especially in demographics and geology - ie listen to P. Zeihan’s work). His praise of Xi Jinping as ‘a strong leader’ and the ‘required authoritarian leader’ at this juncture in China’s history is especially distasteful.

9 people found this helpful

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  • Anonymous User
  • 12-02-21

Note* change of narrator

I was utterly engrossed in this book and Ray’s unique story-telling until they switched over narrators after chapter 1. Disappointing, really required Ray’s tone to deliver the message. Save yourself the trouble and just read the book.

7 people found this helpful

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  • Anonymous User
  • 12-15-21

A must of any money watcher

Throughly enjoyed hearing the history of major economise and how there dimise has taken place. My only negative to Ray's thinking into how China will become the dominant player is there lack of intuition into new technologies alot of Chinese technology has been developed by copying existing technologies from America so the lack of development by China will not make them a major player in military technology that belongs to America which is at least 15 years in front. Ecomically yes China will be the driver but Military technology is the key.

4 people found this helpful

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  • Aaron
  • 02-05-22

Great content, but not ideal for audio

The content and story were good, but refers alot to graphs in the attached PDF which defeats the purpose of an audio book.

2 people found this helpful

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  • ashley batty
  • 12-18-21

Amazing!!!

Absolutely full of knowledge!!! Highly recommend!!! I never write reviews but the definitely deserves one.

2 people found this helpful

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  • Anonymous User
  • 12-06-21

Critical listening

Critical listening for understanding the big cycles of history, and guidance on what to do about it. Simplified brilliantly!

1 person found this helpful

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  • Anonymous User
  • 11-29-22

Must be part of high school curriculum

I have nothing more to say than this might be the greatest book I have read and am of the opinion that this must be part of high school curriculum

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  • chris
  • 11-21-22

Best books in investing I have ever read!

This book show how markets move in cycles, and we're looking at a thin slice of a larger cycle currently. It also has empirical evidence on where we are in these cycles and predictions on where we'll go next. It's a must read for any investor!!

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    3 out of 5 stars
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  • Mark Jelic
  • 08-15-22

Great insight but wrong on “Climate Change”

Very insightful and well written until his take on how impactful supposed “Climate Change” is going to have on the world. What Ray needs to do is sit down and have a meeting with a climate historian like Tony Heller for a true perspective of what is (not) going on with the climate.

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  • Anonymous User
  • 07-11-22

Opinion of economics student and investor

I've completed university degree in economics. Rays extensive annalysis peiced together a lot of theoretical knowledge I already had into a proper understanding and model.