Principles for Navigating Big Debt Crises

By: Ray Dalio, Ray Dalio - introduction

Narrated by: Stephen Graybill

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 antic­ipate 2008’s events and navigate them well while others struggled badly.

As he explained in his #1 New York Times best­seller 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 hap­pening and helping them be better managed in the future.

The template comes in 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)
3. 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.

great insights into a confusing topic

this book really provides good information about debt and how it has been handled by different nations over time. I truly enjoyed the chapter that covered the 2008 financial crisis. it really provides insight into how debt has powerful consequences.

An economic world history lesson.

This book is very long, and well done. I think I would need to listen to it several more times to understand it.

The breath of this study and the depth of his experience and knowledge.

I disagree with some of the policy issues that the author espouses however, he remains consistent to them, He is very thorough in his analysis.

Easy to listen well written predicts the future

Will listen to this half a dozen more times. Articulate thoughtful very relevant, facts we all should learn about our country’s financial health

Another Home Run!

Mr. Dalio has done it again! He hit this out of the ball park. His insights and wisdom shine through this audiobook. By studying the past, we can react to future events.