#251 – Ray Dalio: Money, Power, and the Collapse of Empires

Lex Fridman Podcast

Ray Dalio is an investor, author, and founder of Bridgewater Associates. Please support this podcast by checking out our sponsors:
– Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil
– GiveWell: https://www.givewell.org/ and use code LEX to get donation matched up to $1k
– Magic Spoon: https://magicspoon.com/lex and use code LEX to get $5 off
– Blinkist: https://blinkist.com/lex and use code LEX to get 25% off premium
– MasterClass: https://masterclass.com/lex to get 15% off

EPISODE LINKS:
Ray’s Twitter: https://twitter.com/RayDalio
Ray’s Instagram: https://www.instagram.com/raydalio
Books & resources mentioned:
Ray’s books: https://amzn.to/3swN5uw
Ray’s free personality test: https://principlesyou.com/

PODCAST INFO:
Podcast website: https://lexfridman.com/podcast
Apple Podcasts: https://apple.co/2lwqZIr
Spotify: https://spoti.fi/2nEwCF8
RSS: https://lexfridman.com/feed/podcast/
YouTube Full Episodes: https://youtube.com/lexfridman
YouTube Clips: https://youtube.com/lexclips

SUPPORT & CONNECT:
– Check out the sponsors above, it’s the best way to support this podcast
– Support on Patreon: https://www.patreon.com/lexfridman
– Twitter: https://twitter.com/lexfridman
– Instagram: https://www.instagram.com/lexfridman
– LinkedIn: https://www.linkedin.com/in/lexfridman
– Facebook: https://www.facebook.com/lexfridman
– Medium: https://medium.com/@lexfridman

OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(08:14) – Money or power
(11:50) – Big Cycle
(31:43) – Collapse of the American Empire
(40:10) – War
(43:18) – Xi Jinping
(49:21) – Importance of freedoms
(55:24) – Democracy’s vulnerability
(58:49) – Communism’s vulnerability
(1:05:50) – Vladimir Putin
(1:09:55) – Understanding China
(1:17:23) – Henry Kissinger
(1:27:44) – Elon Musk and Dogecoin
(1:29:41) – How to take notes
(1:33:24) – Advice for young people
(1:37:30) – Hope for humanity