How The Economic Machine Works by Ray Dalio

What people said

nullspace · 2019-12 · Strong recommendation

Just a +1 comment, but thanks for sharing this, it’s very much worth reading, the foreword and overview is very much written in layman language. I might try and dig into the rest of material as well. For an even simpler but informative intro to debt cycles check out this video by Ray Dalio, it’s the best layperson explanation of debt I’ve ever seen: [VIDEO]

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cryptozeus · 2018-09 · Strong recommendation

I find this very useful, every now and then i make it a point to watch his video to remind myself of the macro view on things [VIDEO]

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Reedx · 2018-06 · Strong recommendation

If you haven't seen his video, How the Economic Machine Works, I highly recommend it: [VIDEO] Also the way he runs Bridgewater is really interesting. It's structured with the goal to surface the best ideas and figure out which opinions are most likely to be correct. It's an "idea meritocracy" and a culture of radical transparency. Everything is recorded and made available to everyone else in the company. Employees are very candid, brutally honest, even with the CEO (Ray). He says a lot of people churn out in the first year or so, but those that get used to it love it and can't imagine working another way. His Ted Talk goes into quite a bit of detail about how it all works: [LINK] His book Principles lays out the foundation. Excerpt: [LINK] Videos: [LINK]

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