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Principles for Navigating Big Debt Crises

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Principles for Navigating Big Debt Crises

Written by: Ray Dalio, Ray Dalio - introduction
Narrated by: Stephen Graybill
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About this listen

 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. Economics Great Recession Thought-Provoking Investing Taxation Banking Global Financial Crisis US Economy Deflation Capitalism Business
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Very helpful to me for getting the big picture. It can be dry, and there is repetition however as a listening tool… it worked for

Understanding Money

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Ray Dalio has done it again, he knows how to simplify and spell out his topics. He's got great flow of information throughout the books and it's very well researched. Highly recommend for anyone interested in the topic.

Fantastic and Simplified

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