Ray Dalio…. Doesn’t this name sound familiar to literally any person who is interested in finance? Well of course it does! Ray Dalio is a billionaire and the CEO of the largest hedge fund on Earth: Bridgewater Associates. Every investor and trader probably watched at least one video or read an article on the structure of his fund. Precisely due to this, I highly recommend all of you to read his new book “Principles for Navigating Big Debt Crises.” This book covers the multiple crises, which happened over the period between 1918 and 2018. Dalio analyses the period preceding the 30 most significant crises of our time and how governments dealt with these problems.
If you want to learn more about the Great Depression, the post-World War One crisis, the Russian Defolt of 1998, and similar crises, this book is a must-read for you! Prominent investors will also find this book interesting because Dalio gives his readers an abundance of knowledge that could be used to identify a new big debt crisis when it is still developing.
Have you read or are you planning on reading “Principles for Navigating Big Debt Crises?” Let us know in the comments!