“Ray Dalio’s book is must reading for anyone who aspires to prevent or manage through the next financial crisis”
“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”
“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”
For the tenth anniversary
of the 2008 financial crisis,
Ray Dalio, one of the world’s most successful investors and entrepreneurs, wrote A Template for Understanding 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.