Now that things have calmed down I want to clarify what I meant when I sloppily answered a question about China from Andrew Ross Sorkin that created a misunderstanding of my views. (1/6)
I assure you that I didn’t mean to convey that human rights aren’t important because I certainly believe they are and I didn’t mean to convey that the US and China deal with these issues similarly because they certainly don’t. (2/6)
I am an American who has lived my whole life in the US, experiencing the American Dream, and I believe in our system. At the same time, I have spent more than half my life in contact with China which has helped me understand their system as well. (3/6)
In trying to answer Andrew's questions, I was attempting to explain what a Chinese leader told me about how they think about governing... (4/6)
... about how Confucianism is based on the family and that extends into their governance, which is a more autocratic approach that is like a strict parent. I was not expressing my own opinion or endorsing that approach. My overriding objective is to help understanding. (5/6)
Understanding and agreeing are two different things, and that’s what was lost in the interview. I'm sorry my answer lacked that nuance and caused confusion. linkedin.com/pulse/clarifyi… (6/6)

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More from @RayDalio

4 Dec
Because knowledge is gained more than it is lost, it advances more in spurts and sputters than in cycles that have downs as well as ups. The spurts come when societies are in the upward swings of the Big Cycle and the sputters come when they are in the downward swings.
Renaissance periods of great creativity that produce advances in most areas (sciences, arts, philosophies about how people should govern, etc.) come more during the peaceful & prosperous parts of the Big Cycle, when the systems for creating innovations are good rather than bad.
While specific inventions and the ways they come about have evolved through time, they have unwaveringly evolved toward doing and making things better, replacing manual labor with machines and automation, and making people around the world more interconnected.
Read 6 tweets
30 Nov
I'm so glad to finally be releasing my new book, Principles for Dealing with the Changing World Order, today. (1/6)
A few years ago, I observed that we were experiencing things that had never happened in my lifetime but had happened many times before in history. (2/6)
As a global macro investor, I knew that I wouldn’t be able to understand and navigate what’s happening today—much less what may come—without having a deep understanding of the cause-effect relationships of economic events that are embedded in the patterns of history. (3/6)
Read 6 tweets
29 Nov
Such orders have always existed at every level—within families, companies, cities, states, and countries, as well as internationally. They determine who has what powers and how decisions are made, including how wealth and political control are divided. (1/4)
What they are and how they run is a function of human nature, culture, and circumstances. The US now has a certain set of existing political conditions within its democratic system...(2/4)
...but both the conditions and the system are ever-changing because of the pressure of timeless and universal forces. (3/4)
Read 4 tweets
20 Nov
Sometimes people mistake generosity for not being fair.

For example, when Bridgewater arranged for a bus to shuttle people who live in New York City to our Connecticut office... (1/4) Image
... one employee asked, "It seems it would be fair to also compensate those of us who spend hundreds of dollars on gas each month, particularly in light of the NYC bus."

This line of thinking mistakes an act of generosity for some for an entitlement for everyone. (2/4)
Fairness & generosity are different things. Generosity is good and entitlement is bad, & they can easily be confused, so be crystal clear on which is which. Decisions should be based on what you believe is warranted in a particular circumstance & what will be most appreciated.3/4
Read 4 tweets
19 Nov
For example, my dad and most of his peers who went through the Great Depression and World War II never imagined the post-war economic boom because it was more different from than similar to what they had experienced. (1/4)
I understand why, given those experiences, they wouldn’t think of borrowing and putting their hard-earned savings into the stock market, so it’s understandable that they missed out on profiting from the boom. (2/4)
Similarly, I understand why, decades later, those who only experienced debt-financed booms and never experienced depression and war would borrow a lot in order to speculate and would consider depression and war implausible. (3/4)
Read 4 tweets
19 Nov
Wow! 20,000 good people who were eager to be charitable grabbed $50 charity gift cards and experienced what it’s like to receive this uniquely meaningful gift. (1/7)
By doing so, they discovered how great it would be to give this gift to others which will lead to many more millions of dollars going to charity and many more thousands of people experiencing this type of gifting and receiving. (2/7)
Because this was so hot you might have been closed out. Don’t worry. I will do this again before the holiday with several of my charitable friends who have generously agreed to contribute to another round of cards. (3/7)
Read 7 tweets

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