Ray Dalio & Andrew Ross Sorkin on His New Book "1929" and How Debt Drives Every Crash
Principles by Ray Dalio
@principlesbyraydalioAbout
Ray Dalio founded and built the world’s largest hedge fund, Bridgewater Associates. He’s also the author of the #1 NYTimes Bestseller, Principles: Life and Work and Principles for Dealing with the Changing World Order. 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
Video Description
I sat down with CNBC's Andrew Ross Sorkin to discuss his latest book, 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation. A lot of what Andrew learned researching this book is analogous to what happened during the 2008 financial crisis, and also to what is happening today. That’s because history moves in cycles — the same cause-effect relationships are at play, and there are important lessons to be learned. While the details are different, the mechanics behind people’s behaviors and policy choices are largely the same. Throughout history, people ignore these similarities because the mechanics are not well understood. My hope is that research and conversations like these can help us collectively make better choices in the future. Learn more about Andrew’s terrific book here: https://sites.prh.com/1929
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