Investing During a Changing World Order

2026-01-28

The income and wealth gap in the US are the highest they’ve been in almost 100 years. It’s something that need to be addressed before it creates even more extreme internal conflicts.

However, I worry about the practical impacts of wealth taxes on the economic system. And that’s because there’s a difference between wealth and money.

It’s all about the mechanics. Bubbles burst when there’s a need for money to generate cash flow. Wealth taxes would create a situation where people who are wealthy on paper need to sell assets to cover their liabilities. And that can quickly create a dynamic that leads to a broader issue.

It’s something to watch in the coming years.

#wealthtaxes #wef26

2025-12-08

When an empire runs out of its own money, it is able to increase the supply of money. However, printing more money causes borrowing to increase creating a financial bubble. I urge you to watch “The Changing World Order” on my YouTube channel to understand how, and what it means for all of us.

#principles #raydalio

2025-12-03

Easy money is a cure all, until it’s not. It’s hard to know when you have to put on the brakes and when things might pop.

Today, the stock market is at its peak, gold is through the roof, and the wealth gap continues to increase. And in terms of what comes next, it looks like we’re going to see a significant easing of monetary policy along with less regulation.

I recently sat down with CNBC’s Andrew Ross Sorkin to discuss all of this and more. You can find the full video at the link in the comments.

2025-11-19

Economic bubbles throughout history tend to follow similar patterns, but they are never exactly the same.

In 1929 and 2008, there was a lot of debt — but most of it was owned by the private sector. Today, the government sector has a lot of the debt.

Still, one man’s debts are another man’s assets. And when the bill comes due and the debt assets aren’t as appealing as the alternatives, some sort of monetization is inevitable.

I recently sat down with CNBC’s Andrew Ross Sorkin to discuss this in the context of his latest book, 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation. The parallels between that era and now are striking.

You can watch the full conversation here:

2025-11-13

One of my principles is that if you’re worried, you don’t need to worry — and if you’re not worried, you need to worry.

That’s because worrying about what can go wrong will protect you and not worrying about what can go wrong will leave you exposed.

I’ve found this to be true in business, and in life.

2025-11-11

When I was a young clerk on the floor of the New York Stock Exchange in 1971, the US ran out of money and defaulted on its debts.

Now, they didn’t say it that way. But by moving away from the gold standard — the idea that people could exchange paper dollars for gold — money, as we understood it, ended.

I expected the stock market to plunge the next day, but when the opening bell rang the market was way up. And it went on to rise nearly 25%.

That surprised me, because I had never experienced a currency devaluation before. But when I looked into it, I discovered the exact same thing happened in 1933 and it had the exact same effect.

But in both cases, breaking the link to gold allowed the US to continue spending more than it earned, and so the value of each dollar fell.

2025-10-31

This simple animated video series answers the question, "How does the #economy really work?" Based on my practical template for understanding the economy.

This series breaks down economic concepts like #credit, #deficits and #interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.

This is Part 5, I hope you find these helpful.

2025-09-19

The reality is that AI is so revolutionary and so disruptive that it’s very hard to say for sure whether superscalers are currently priced accurately in the markets.

But what will be even more impactful and is not adequately priced in is the effect AI is going to have on applications of it on company earnings, efficiencies, and the like.

I’m often asked whether these future productivity improvements will convert to the profits and incomes needed to service the debt well. I’ve done the calculations, measuring it against other productivity miracles, and I think it’s very unlikely — though of course, I could be wrong.

As an investor, if you think that will happen, I suggest that you skew your portfolio accordingly. @MasterInvestorChannel

You can watch the full conversation here: