“History shows us that reversing a decline is very difficult because it requires undoing so many things that have already been done. For example, if one's spending is greater than one's earnings and one's liabilities are greater than one's assets, those circumstances can only be reversed by working harder or consuming less. The question is whether we can face our challenges honestly and adapt and change to meet them.”
Quote by Ray Dalio
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Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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