Billionaire Ray Dalio on Russia-Ukraine war: 'We risk a great power conflict'

American billionaire Ray Dalio wrote the bestseller Principles For Dealing With The Changing World Order. PHOTOS: BRIDGEWATER ASSOCIATES/AVID READER PRESS
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SINGAPORE - There is a saying often attributed to American writer Mark Twain: "History may not repeat itself, but it rhymes".

The idea that events repeat themselves, with a difference, looms large in American billionaire Ray Dalio's bestseller Principles For Dealing With The Changing World Order, which travels through 500 years of history to study the rise and decline of empires, their reserve currencies and markets.

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