About Markets, Nations and Cultures

Picture: Pudong District, China. Shanghai reflects China’s path over the past 500 years described by Ray Dalio; once dominant power under the Ming and Qing dynasties, the country experienced sharp decline from 1850’s to 1978 before re-opening and re-becoming the world largest economy. Ray Dalio last chapters are arguably the most important of his book…

Picture: a painting of Dutch governors of the Wine Merchant’s guild. The Dutch Golden Age Painting (17th century) and its still unique style and talented artists (Rubens, Rembrandt, Vermeer) actually corresponds to the Dutch Empire’s unchallenged domination, which Ray Dalio describes. A quick summary To sum up quickly the last articles, the Big Cycle is…

Picture: a bill issued during Germany’s Weimar Republic (1918-1933). An hyperinflation between 1921 and 1924 ended up in the total crash of the German Reichmark currency. note: i recommend you to read my two articles – or at least their summary schemes – about money for fully understanding the following article. “What most people and…

Who is Ray Dalio ? Ray Dalio, an American investor, founded Bridgewater Associates in 1975, which became the world’s 2nd largest hedge fund with assets of $196 billion in March 2023. The fund anticipated the subprime crisis in 2007 and has a strong presence in emerging markets, particularly China. Like any hedge fund, Bridgewater’s strategy…