“Ray Dalio’s excellent study provides an innovative way of thinking about debt crises a nd the policy response.” - Ben Bernanke

“Ray Dalio’s book is must reading fo r anyone who aspires to prevent o r manage through the next financial crisis.” - Larry Summers

“A terrific piece of wo r k fr om one of the wo r ld’s top investo r s who has devoted his life to understa nding markets a nd demonstrated that understa nding by navigating the 2008 financial crisis well.” - Hank Paulson

“An outsta nding histo r y of financial crises, including the devastating crisis of 2008, with a very valuable framewo r k fo r understa nding why the engine of the financial system occasionally breaks down, a nd what types of policy actions by central banks a nd governments are necessary to resolve systemic financial crises. This should serve as a play book fo r future policy makers, with practical guidance about what to do a nd what not to do.” - Tim Geithner

“Dalio’s approach, as in his investment management, is to synthesize info r mation, a nd to convert a sprawling a nd multi-faceted issue into a clear-cut process of cause a nd effect. Critically, he simplifies without over-simplifying.” - Financial Times

Fo r the 10th anniversary of the 2008 financial crisis, one of the wo r ld’s most successful investo r s, Ray Dalio, shares his unique template fo r how debt crises wo r k a nd principles fo r dealing with them well. This template allowed his firm, Bridgewater Associates, to anticipate events a nd navigate them well while others struggled badly.

As he explained in his #1 New Yo r k Times Bestseller, Principles: Life &, Wo r k, Dalio believes that most everything happens over a nd over again through time so that by studying their patterns one can understa nd the cause-effect relationships behind them a nd develop principles fo r dealing with them well. In this 3-part research series, he does that fo r big debt crises a nd shares his template in the hopes reducing the chances of big debt crises happening a nd helping them be better managed in the future.

The template comes in three parts provided in three books: 1) The Archetypal Big Debt Cycle (which explains the template), 2) 3 Detailed Cases (which examines in depth the 2008 financial crisis, the 1930’s Great Depression, a nd the 1920’s inflationary depression of Germany’s Weimar Republic), a nd 3) Compendium of 48 Cases (which is a compendium of charts a nd brief descriptions of the wo r st debt crises of the last 100 years). Whether you’re an investo r , a policy maker, o r are simply interested, the unconventional perspective of one of the few people who navigated the crises successfully, Principles fo r Navigating Big Debt Crises will help you understa nd the economy a nd markets in revealing new ways.