Billionaire hedge fund manager Ray Dalio just released his new book ‘Understanding Big Debt Crises’ for free online.

by NineteenEighty9

He posted the following on LinkedIn, see link below…

Ten years ago this month, the world’s financial system nearly ground to a halt. It was a dramatic and pivotal time, which has had lasting effects on many people’s lives. But it was also something that has happened many times in history and will happen many times in the future. As you know, I believe that everything happens over and over again and that by looking at those things happening many times, one can see the patterns and understand the cause-effect relationships to develop principles for dealing with them. Prior to 2008, I had studied these relationships for debt crises with my colleagues at Bridgewater, and because we understood these relationships, we were able to navigate the crisis well when many others struggled.

Today I am sharing our understanding of how debt crises work and how to navigate them well in a new book called “A Template for Understanding Big Debt Crises.” I am making it available for free because I am now at a stage of life where what’s most important to me is to pass along the principles that have helped me. My hope is that sharing this template will reduce the chances of big debt crises happening and help them be better managed in the future.

LinkedIn post about the book: www.linkedin.com/pulse/understanding-big-debt-crises-ray-dalio/

Link for free PDF: www.principles.com/big-debt-crises/

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