Principles for changing world order5/28/2023 ![]() Investing with the dollar across many international funds (or whatever your investment strategy is) will provide you a lifetime of returns, using the dollar. Approx 3% of all world wide transactions are in Renminbi compared to 80% in the dollar, or close to it. If China is supposed to be the next threat to the world order the Renminbi would need to be widely accepted across the globe. The dollar is being tested today, as we speak, as a tool against Russia. If you look at the changing world order today, the dollar is the most widely used currency in the world. The changing world order is an interesting take on what MAY come. I liked the book since most of it describes what Investment/Personal behavior ‘Principles’ were founded when he grew Bridgewater to one of the worlds largest and successful hedge fund or investment firms. ![]() ![]() I read his book Principles a couple years ago. ![]()
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