Principles For NavigatingBig Debt CrisesBY RAY DALIO

“Ray Dalio’s excellent study provides an innovative way of thinking about debt crises and the policy response

Ben Bernanke

Principles For Navigating BIG DEBT CRISES

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“Ray Dalio’s book is must reading for anyone who aspires to prevent or manage through the next financial crisis

Larry Summers

“A terrific piece of work from one of the world’s top investors who has devoted his life to understanding markets and demonstrated that understanding by navigating the 2008 financial crisis well

Hank Paulson

“An outstanding history of financial crises, including the devastating crisis of 2008, with a very valuable framework for understanding why the engine of the financial system occasionally breaks down, and what types of policy actions by central banks and governments are necessary to resolve systemic financial crises. This should serve as a play book for future policy makers, with practical guidance about what to do and what not to do

Tim Geithner

For the tenth anniversary
of the 2008 financial crisis,

Ray Dalio, one of the world’s most successful investors and entrepreneurs, wrote Principles for Navigating Big Debt Crises in which he 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 events and produce significant positive returns while others lost badly.

economic principles

Read more of Ray’s
economic thinking

Learn more about the basic driving forces behind the economy and why economic cycles occur, as well as further research by Dalio into pertinent economic topics like dealing with the income/opportunity gap.

Ray Dalio

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Over forty years later, Bridgewater has grown into the fifth most important private company in the United States, according to Fortune magazine, and Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world.

Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.

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