Big Debt Crises, Bigger Debt Crises

I’ve been looking forward to reading Ray Dalio’s Big Debt Crises ever since I slowly gave up on Principles. Dalio runs Bridgewater Associates, a hedge fund notable for two things: It’s an extraordinarily large fund with a track record that’s either solid (in terms of risk-adjusted returns) or unprecedented (in terms of dollars earned). You might recognize Dalio from his TV appearances (CNBC, January 2018: “

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