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I was seeing the confluence of huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values gaps in roughly a century; and the rising of a new world power (China) to challenge the existing world power (the US) and the existing world order. The most recent analogous time was the period from 1930 to 1945. This was very concerning to me.
Principles for Dealing With the Changing World Order
Ray Dalio
Or is this keeping pace with his fortunes quite wrong?
Success or failure in life does not depend on these, but human life, as
we said, needs these as mere additions, while virtuous activities or their
opposites are what constitute happiness or the reverse.
Nicomachean Ethics | Book 1
Aristotle
If you are making a decision based on how you feel at that moment, you will probably make the wrong decision.
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