Дима Смирнов

“The biggest risk to democracies is that they produce such fragmented and antagonistic decision making that they can be ineffective, which leads to bad results, which leads to revolutions led by populist autocrats who represent large segments of the population who want to have a strong, capable leader get control of the chaos and make the country work well for them.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail

“When individual countries have more power than the collectives of countries, the more powerful individual countries rule. For example, if the US, China, or other countries have more power than the United Nations, then the US, China, or other countries will determine how things go rather than the United Nations. That is because power prevails, and wealth and power among equals is rarely given up without a fight.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail

“While these strengths did not bring about immediate prosperity, over time the British system’s respect for the rule of law, combined with strong education, gave it the foundation to gain competitive advantages in commerce and innovations that followed and led to the rise of the British Empire.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail

“All markets are primarily driven by just four determinants: growth, inflation, risk premiums, and discount rates.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail