An annotated reading guide to Ray Dalio’s latest essay ‘It’s Official: The World Order Has Broken Down,’ breaking down the Big Cycle framework, historical parallels to the 1930s, and what it means for the current US-China standoff.

0.4% of tech startups generate 95% of economic returns. This distribution governs how VCs invest — and how founders should think about choosing markets, allocating resources, and hiring talent.