10 Lessons from the book Principles for Dealing with the Changing World Order By ray Dalio

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In war one’s ability to withstand pain is even more important than one’s ability to inflict pain.

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History has shown that we shouldn’t rely on governments to protect us financially.

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the two things about war that one can be most confident in are 1) that it won’t go as planned and 2) that it will be far worse than imagined.

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A few years ago, I observed the emergence of a number of big developments that hadn’t happened before in my lifetime but had occurred numerous times in history.

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Socialists and communists tend to focus on dividing the pie well and typically aren’t very good at increasing its size.

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As a principle, debt eats equity. What I mean by that is that debts have to be paid above all else.

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