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/ Full episodes playlist:    • Lex Fridman Podcast   Clips playlist:    • Lex Fridman Podcast Clips   OUTLINE: 0:00 - Introduction 0:42 - Money or power 4:18 - Big Cycle 24:11 - Collapse of the American Empire 32:38 - War 35:45 - Xi Jinping 41:49 - Importance of freedoms 47:52 - Democracy's vulnerability 51:17 - Communism's vulnerability 58:18 - Vladimir Putin 1:02:23 - Understanding China 1:09:51 - Henry Kissinger 1:13:24 - Bitcoin 1:20:12 - Elon Musk and Dogecoin 1:22:09 - How to take notes 1:25:52 - Advice for young people 1:29:58 - Hope for humanity SOCIAL: - Twitter: https://twitter.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - Medium: https://medium.com/@lexfridman - Reddit: https://reddit.com/r/lexfridman - Support on Patreon: https://www.patreon.com/lexfridman