Big Debt Crises (2018) by Ray Dalio is an economic primer based on the proprietary decision-making system used at the author’s hugely successful hedge fund, Bridgewater Associates. Financial crises across history tend to share certain features...
The 5 star is for Ray Dalio’s book. But as far as most summaries go, this one is excellent. Pleasantly surprised. Gonna read Dalio, but wanted to get at least a summary under belt, since I’ve been delaying.
Well done *** Oh. There is one issue that just pops. His main discussion is deflationary debt cycles. But this one presently seems inflationary. Would I get more predictive power from Dalio’s book? I imagine so