Clay Finck studies the work of Ray Dalio and shares his biggest takeaways from reading Part 1 of his book, Big Debt Crisis.
Ray Dalio is the founder of Bridgewater associates, which is the largest hedge fund in the world with over $140 billion in AUM. Ray’s personal net worth is around $20 billion according to Forbes, and because of his knowledge of cycles and investing, he was able to sidestep the great financial crises. While most investment managers were down big at that time, Dalio’s fund was up 8.7% after fees in 2008.
Ray Dalio put simply is an incredible thinker, and a very contrarian investor. He is extraordinarily good at putting his feelings and emotions aside and investing in a way that is deeply rational.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:04:28 - Credit and Debt Defined
00:07:01 - Long-Term Debt Cycle Explained
00:09:38 - Two Problems with Debt Cycles
00:12:15 - Short-Term vs Long-Term Cycle
00:14:44 - How Deflationary Deleveragings Play Out
00:15:18 - How Inflationary Deleveragings Play Out
00:15:57 - Two Ways Cycles Play Out
00:19:46 - How to Identify a Bubble
00:31:36 - Four Tools for Policymakers
00:51:15 - Hyperinflationary scenarios
00:53:50 - Wrapping it all together
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📖 BOOKS MENTIONED:
- Big Debt Crises by Ray Dalio: [ Ссылка ]
- The Changing World Order by Ray Dalio: [ Ссылка ]
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
▶️ EPISODES MENTIONED:
- (TIP224) Billionaire Ray Dalio’s New Book Big Debt Crises: [ Ссылка ]
- (TIP410) The Changing World Order w/ Ray Dalio: [ Ссылка ]
- (TIP494) The Worldly Wisdom of Charlie Munger: [ Ссылка ]
- (TIP497) Lessons From Billionaire Howard Marks: [ Ссылка ]
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- How the Economic Machine Works Video: [ Ссылка ]
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: [ Ссылка ]
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On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.
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I’m Clay Finck, host of the 🎙We Study Billionaires Podcast. I’m passionate about learning top 💰investing and business insights and sharing them with others.
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