Ray Dalio | The All-In Interview

4340.971 - 4370.295 Ray Dalio

One of the reasons that the Chinese and Japanese lost what they called their hundred years of humiliation when the foreign powers came in in late 1830s, and they had a fight, the opium wars and so on, the Western powers were strong at fighting because they were practiced at it. And then there was the hundred years of humiliation, they call it in China, where the foreign powers came in.