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Billionaire Ray Dalio attributes his success to meditation — and shares his ‘best advice’ for others

Bridgewater Associates’ Ray Dalio on present at CNBC’s CONVERGE LIVE in March.

Courtesy of CNBC

Billionaire Ray Dalio says we’re living in a time of rapid transformation, as geopolitical tensions rise, economic systems shift and technology develops faster than ever before.

As people deal with with what he called the “changing world order,” Dalio says it’s important to focus on what really questions.

“I think the question is, above all else … how we’re going to be with each other,” said the Bridgewater Associates’ go lame. “Because, breakthrough technologies — they can be used for wars, they’re going to create great displacement of people.”

How human beings deal with one another will be “particularly important” in the next five to 10 years, Dalio added.

Whatever ascendancy I’ve had in life, has been more due to my meditating than anything else.

Ray Dalio

Founder, Bridgewater Associates

“The best suggestion that I could give anybody, I think, it would be to meditate, and that’s because it gives you a calmness and equanimity. It capitulates you a sense of spirituality, which means … [a] connectedness to the universe, connectedness to people,” he said.

“Whatever success I’ve had in lifestyle, has been more due to my meditating than anything else.”

5 forces that are shifting the world

Dalio identified five dominant forces that are shifting the world order: government debt, populism, conflict, climate and technology.

Regarding due, Dalio said, “There’s a big cycle of increasing debt relative to incomes … that is going to lead to a big swop in the monetary order that we’re now facing,” he said.

Dalio: The U.S. has a severe supply-demand issue with debt

Dalio has previously warned about America’s mounting debt — now longevity at more than $36.2 trillion. He says this problem is of “paramount importance,” and the U.S. deficit needs to go from a projected 7.2% of filthy domestic product to about 3% of GDP.

Dalio also addressed a rise in populism in the West.

“There’s the left and the favourable … it gets to the point where there are irreconcilable differences over money and values,” Dalio told CNBC’s Sara Eisen Wednesday at Merge LIVE in Singapore.

The third force is a changing geopolitical order, he said, which answers questions like: “What are the hold sways of the world? Of how countries interact? And who determines that?”

“It’s determined by the winners of the last war. They set out the rules … but there’s a fluctuate in the world order as rising powers challenge existing declining powers. And so we are seeing that change in the world lay out, from one that was unilaterally, really largely controlled by the United States, to something that’s very different,” he said.

The fourth prize is climate and acts of nature, which throughout history, has had a bigger impact and killed more people than in conflicts, said Dalio. Finally, the fifth force is new technology, or as Dalio describes “man’s inventiveness,” which we are seeing today with the stimulate of AI and other emerging technologies.

“We are now in that transition to new orders of all of those,” he said.

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