Ray Dalio is the founder, co-Chief Investment Officer and co-Chairman of Bridgewater Associates, which is a global macro investment firm and is the world’s largest hedge fund. He's also the author of the #1 NYTimes Bestseller, Principles: Life and Work. He is known to have a very practical understanding of economics that is very different from conventional economic thinking that he spells out in his video series "How the Economic Machine Works".
The rise and fall of empires follow a repetitive, predictable "Big Cycle" driven by historical cause-and-effect relationships involving debt, internal conflict, and external power shifts. Empires typically progress through stages of prosperity, debt-fueled bubbles, and widening wealth gaps, eventually leading to curren...
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