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 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 international best­seller Principles, Ray Dalio believes that almost 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: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 infla­tionary 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...