**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 antic-ipate 2008's events and navigate
them well while others struggled badly.
As he explained in his #1 New York Times best-seller 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 hap-pening and helping them be
better managed in the future.
The template comes in three parts:
- The Archetypal Big Debt Cycle (which explains the template)
- Three Detailed Cases (which examines in depth the 2008 financial
crisis, the 1930s Great Depression, and the 1920s infla-tionary
depression of Germany's Weimar Republic)
- 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.
