Big Cycles of great accumulations and great losses of wealth and power

“As you saw from my study of the last 500 years up to now, there were Big Cycles of great accumulations and great losses of wealth and power, and of these, the greatest contributing factor was the debt and capital markets cycle. From an investor’s perspective, this could be called the Big Investing Cycle. I felt that I needed to understand these cycles well enough to tactically move or diversify my portfolio to be protected against them and/or to profit from them. By understanding them, and ideally realizing where countries are in their cycles, I can do that.”

Excerpt From: Dalio, Ray. “Principles for Dealing With the Changing World Order : Why Nations Succeed and Fail”