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  • 2 days ago
Bridgewater Associates founder Ray Dalio, speaking to Fortune at the World Economic Forum in Davos, issued a stark warning to global leaders and business executives: Stop pretending the old rules still apply.

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00:00You can't be naive, okay?
00:02So if you're relying on the law in the same way,
00:07you must be practical in thinking about that.
00:10So that's why people are going to their jurisdictions.
00:14They're going to different jurisdictions.
00:16Within the United States, they're going to different jurisdictions, different states.
00:20Within the world, they're going to different places,
00:22which is where they are like-minded and that they're in support of each other.
00:28Because that's what is giving them the assurance, not the rule-based system.
00:33Let's not be naive, okay?
00:36And say, oh, we're breaking the rule-based system.
00:39It's gone. It's going.
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