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Ray Dalio Bridgewater Associates on stage on CNBC Converge Live in March.
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Billionaire Ray Dalio says we live during rapid changes as geopolitical tensions are growing, the shift in economic systems and technology is developing faster than it before.
As people fight what he called ‘Changing the world order“Dalio says it is important to focus on what is really important.
“I think the question first of all … how we will be with each other,” said Bridgewater Associates founder. “Because, breaking technology – they can be used for wars, they are going to create a great shift in people.”
Dalio added Dalio.
Whatever success I had in my life was more related to my meditation than anything else.
Ray Galio
Founder, Bridgewater Associates
“The best tip I could give someone, I think, it would be reasonable, and it gives you peace and equality. It gives you a sense of spirituality, which means … (a) a connection with the universe,” he said.
“Whatever success I have in my life, it was more related to my reflection than anything else.”
5 forces that change the world
Dalio has identified five major forces that change the world order: state debt, Populism, conflict, climate and technology.
As for the debt, Dalio said: “There is a large cycle of increasing debt regarding the income … What will lead to a great change in the monetary order, which we now face,” he said.
Dalio earlier prevent About the attachment of America debt – Now attitude With more than 36.2 trillion. It says that this problem is “paramount”, and the US deficit must move from the projected 7.2% of the gross domestic product to approximately 3% of GDP.
Dalio also turned to the growth of populism in the West.
“There’s left and right … It comes to the fact that there are irreconcilable differences compared to money and values,” Dalio said on Wednesday on Wednesday Wednesday Get off live in Singapore.
He said that the third force is a change in the geopolitical order that answers the questions: “What are the rules of the world? How do countries interact? And who determines it?”
“This is determined by the winners of the last war. They have outlined the rules … But there are changes in the world order when the powers are increasing.
The fourth force is the climate and actions of nature, which throughout history have had more influence and killed more people than wars, Dalio said. Finally, the fifth force is the new technology, or as Dalio describes the “ingenuity of the person”, which we today see with the rise of II and other new technologies.
“Now we are in this transition to new orders,” he said.
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