How Countries Go Broke

""Everything Ray Dalio writes is compelling reading for the investor and the policymaker. This is an excellent and bracing study of one of the toughest and most dangerous set of policy risks, adding to his already valuable work on what drives the rise and demise of markets, economies and empires."" --Timothy Geithner, former Secretary of the Treasury Praise for How Countries Go Broke ""Ray provides a solution to what is the biggest and most certain threat to our prosperity--the ticking debt bomb. No one understands markets and fiscal cycles better than Ray. His book is a must read for policymakers and anyone who wants to dig deep and learn. This book is a gift to humanity."" --Henry M. Paulson Jr., former Secretary of the Treasury ""Ray Dalio is issuing an exceedingly important warning about how countries go broke, how that pertains to the U.S., and what needs to be done to change course. His nonpartisan insights are grounded in experience and analysis--let's hope every lawmaker reads this book before they consider voting to add even another dollar to the national debt."" --Maya MacGuineas, President of the Committee for a Responsible Federal Budget ""Ray Dalio's brilliant, iconoclastic approach to understanding financial markets and the economy has richly rewarded him with the predictive powers that made him one of the great investors of our time. This book distills his insights and applies them to the current perilous moment. It is an invaluable resource for policy makers, investors, and citizens."" --Lawrence H. Summers, former Secretary of the Treasury and author of Evolution or Revolution?: Rethinking Macroeconomic Policy After the Great Recession Praise for Principles: Life and Work Winner of the Axiom Business Book Award for 2018 ""Mr. Dalio has long been an object of fascination. . . . His new book is more significant than the original list of principles: It is part memoir, part how-to guide. It is a deeply personal story, with Mr. Dalio wading into how he started his firm in 1975, internal conflicts inside the company, and strife early on in his career. The book is both instructive and surprisingly moving. . . . Underneath what may seem like a clinical, emotionless approach is something different and far more poignant: Mr. Dalio is preaching for individuals to have a sense of humility and introspection, an ability to open themselves to appreciate pointed criticism and use it to improve."" --The New York Times ""I absolutely loved this book. It's beautifully written and filled with such wisdom."" --Arianna Huffington ""I found it to be truly extraordinary. Every page is full of so many principles of distinction and insights--and I love how Ray incorporates his history and his life in such an elegant way."" --Tony Robbins ""If there was an 'it' book for businesses or careers in 2017, it was Ray Dalio's Principles. The book, weighing in at nearly 600 pages, begins with the author's own story, including the rise of Bridgewater Associates, Dalio's highly successful investment firm. Part memoir, part strategic plan, Dalio uses his own history to provide suggestions on attaining success while always stressing the power of individuality and personal goals. This isn't just a book for the power elite. Dalio's highly detailed game plan focuses on what he calls 'radical' truths and transparencies, and are applicable to the careers of powerful CEOs, ladder-climbing executives, longtime grunts, and fresh-faced rookies."" --Chicago Tribune ""Ray Dalio has provided me with invaluable guidance and insights that are now available to you in Principles."" --Bill Gates