Principles for Navigating Big Debt Crises

Ray Dalio, the legendary investor and #1 New York Times bestselling author of Principles—with over five million copies of his books sold worldwide—offers a groundbreaking framework for understanding and managing debt crises in Principles for Navigating Big Debt Crises. This framework enabled his firm, Bridgewater Associates, to anticipate and successfully navigate the 2008 financial crisis while many others struggled.

Dalio, as detailed in his #1 bestseller Principles, believes that history repeats itself in patterns. By studying these patterns, one can identify cause-effect relationships behind events and create principles to address them effectively. In this three-part series, Dalio applies this philosophy to the study of major debt crises, offering a clear and practical guide to reducing their impact and improving how they’re managed in the future.