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Ray Dalio

“As I see it, the determinants and dynamics that drive events fall into two types: 1. Inherited Determinants: They include a country’s geography, geology, and acts of nature such as weather and diseases. 2. Human Capital Determinants: They are the ways people are with themselves and each other. They are driven by human nature and different cultures (which differentiate their approaches).”

Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail by Ray Dalio
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