| What's happening now with money, debt, and credit has never happened before in our lifetime. But it has happened many times in history, which is why I believe studying the past is so important. The same cycles repeat over and over again, and there are important lessons we can learn from those experiences. If we apply that understanding to the issues we face today, we can increase the chances of positive geopolitical and economic outcomes. That’s good for all of us. I enjoyed meeting with @imf to discuss this and answer questions about my new book, which dives deeper into these topics. It’s called How Countries Go Broke: The Big Cycle, and it’s available now. If you’re interested in learning more about our collective debt burden — and what steps we can take to solve these issues — I hope you will read the book (available at all booksellers) and let me know your thoughts. #principles #raydalio #economics #history #howcountriesgobroke |
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
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