Investors & Traders · Macro & trading
Ray Dalio
The founder of Bridgewater, once the world's largest hedge fund: a near-ruinous 1982 mistake, the 'economic machine' of debt cycles, Pure Alpha and All Weather (risk parity), radical transparency, and the *Principles* method of learning from pain.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Credit & leverage; Portfolio theory; Hyman Minsky. Next: Jim Simons. Sources: Dalio's *Principles* (2017), *Big Debt Crises* (2018, free PDF), 'How the Economic Machine Works' (2013 video).Next: 1. Life