Ray Dalio's Definition of HUMAN NATURE and The Economy Explained in 30 minutes

Many of you have seen this and I've been meaning to post about Ray Dalio and the important work he has done with his "Principles".

Here's a little more depth in case you already seen the video and admire Ray Dalio's work.

https://inside.bwater.com/publications/principles_excerpt

He just published his book expanding on the principles taken from a lifetime of success running the one of the most successful Private Equity Funds in the world, Bridgewater Associates.

I think that most Hedge Fund guys might not always have the best interests of society in mind and that's what makes Ray Dalio even more unique:  

He actually has a concern about the citizenry and how we persuade society to embrace market principles through education and history (vs the siren song of "Top-down" Planning)--and while no system is perfect, free markets have the best chance to help the most REGULAR people than any system so far created. De-centralization, innovation, distribution and diffusion of power are all good things.

Think City TAXI monopoly vs UBER/LYFT (total distribution of the supply of rides based on supply meeting DEMAND, almost perfectly). 

Think DMV vs AMAZON
The Old AT&T Monopoly vs iPHONE

Sure, these are all HUGE private companies but we all have free will to engage in commerce with them (or not). 
Ultimately, as Ray Dalio explains, the economy is: a series of transactions or exchange of value among free people pursuing their (rational) self interests.

Here's a great Video of our Market Economy driven by HUMAN NATURE and how Credit Cycles work:

http://www.economicprinciples.org/economic-principles/index.html

Great stuff-explained the way it really is, not how we wish it was.

I find this unemotional explanation of the economy could help people at least begin a dialog about our future from a position of knowledge vs emotion.

So, feel free to start a dialog!  Just make sure you at least watch this video before you pop off!  :)