Ray Dalio, the legendary investor and #1 New York Times bestselling author of Principles—whose books have sold more than five million copies worldwide—shares
his unique template for how debt crises work and principles for dealing
with them well. This template allowed his firm, Bridgewater Associates,
to anticipate 2008’s events and navigate them well while others
struggled badly.
As he explained in his #1 New York Times bestseller Principles,
Ray Dalio believes that most everything happens over and over again
through time so that by studying patterns one can understand the
cause-effect relationships behind events and develop principles for
dealing with them well. In this three-part research series, he does just
that for big debt crises and shares his template in the hopes of
reducing the chances of big debt crises happening and helping them be
better managed in the future.
The template comes in three parts:
1. The Archetypal Big Debt Cycle (which explains the template)
2. Three Detailed Cases (which examines in depth the 2008 financial
crisis, the 1930s Great Depression, and the 1920s inflationary
depression of Germany’s Weimar Republic)
3. Compendium of 48 Cases
(which is a compendium of charts and brief descriptions of the worst
debt crises of the last 100 years)
Whether you’re an investor, a
policy maker, or are simply interested in debt, this unconventional
perspective from one of the few people who navigated the crisis
successfully, Principles for Navigating Big Debt Crises will help you understand the economy and markets in revealing new ways.
