Principles for Navigating Big Debt Crises

Ray Dalio, the legendary investor and international bestselling author of "Principles," whose books have sold more than five million copies worldwide, shares his unique template for understanding how debt crises work and principles for managing them effectively. This template enabled his firm, Bridgewater Associates, to anticipate the events of 2008 and navigate them successfully while others struggled. As he explained in his international bestseller "Principles," Ray Dalio believes that almost everything happens repeatedly over time, so by studying patterns, one can understand the cause-and-effect relationships behind events and develop principles for effective management. In this three-part research series, he does just that for significant debt crises and shares his template with the aim of reducing the likelihood of major debt crises occurring and improving their management in the future. The template consists of 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), and 3. Compendium of 48 Cases (which includes charts and brief descriptions of the worst debt crises of the last 100 years). Whether you're an investor, a policymaker, or simply interested in debt, this unconventional perspective from one of the few individuals who successfully navigated the crisis, "Principles for Navigating Big Debt Crises," will help you understand the economy and markets in new and revealing ways.