Canonical · Macro & Investing · Book
Principles for Navigating Big Debt Crises
Ray Dalio · 2018
"Debt crises follow a repeating, mechanical template of leveraging and deleveraging that can be navigated."
Ray Dalio studied 100 years of financial history to identify the archetypal pattern of a debt crisis. He showed how credit cycles inevitably expand into bubbles, pop, and force painful but necessary deleveragings.
Read more about the topic
Up NextSuggested: Continues the theme of Macro & Investing
Buy American. I Am.
"Amid GFC panic, US stocks are cheap; be greedy when others are fearful."
Warren Buffett · Op-EdContinue→