In this video I review “Big Debt Crises” by Ray Dalio. Ray is a legendary investor and former Chief Investment Officer at Bridgewater and Associates (the largest hedge fund in the United States). With years of investment experience and expertise, Ray has recently embarked on the “3rd stage of his life” in which he hopes to teach others what it is he has learned over the course of his life and career.

The book, “big Debt Crises” offers us an archetype and framework for thinking about debt crises, in particular, inflationary and deflationary debt crises.

I discuss in this video my major take aways from the book.