Our book this month is by famed hedge fund manager Ray Dalio.
His observation is that every major surprise in market conditions had not been witnessed in his career as a trader on the floor of the NY Stock Exchange, nor had it been witnessed at any time before in his career.
But that doesn’t mean it was a first time event. If you bother to look back through history, these same events have occurred numerous times.
. In his research, Ray researched the cycle of 10 cycles of world dominance involving the rise and fall of a great power. These transitions usually last about 150-200 years with transition period that last between 10-20 years. These transition periods are usually marked with a lot of conflict. The outgoing powers don’t go down without a fight.
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Host: Victor Menasce
email: podcast@victorjm.com
