• Principles for Navigating Big Debt Crises

  • By: Ray Dalio
  • Narrated by: Stephen Graybill
  • Length: 16 hrs and 52 mins
  • 4.4 out of 5 stars (116 ratings)

Prime logo Prime members: New to Audible?
Get 2 free audiobooks during trial.
Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo after 30 days. Cancel anytime.
Principles for Navigating Big Debt Crises  By  cover art

Principles for Navigating Big Debt Crises

By: Ray Dalio
Narrated by: Stephen Graybill
Try for $0.00

$14.95/month after 30 days. Cancel anytime.

Buy for $22.49

Buy for $22.49

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's summary

Ray Dalio, the legendary investor and #1 New York Times bestselling author of Principles—whose books have sold more than five million copies worldwide—shares his unique template for how debt crises work and principles for dealing with them well. This template allowed his firm, Bridgewater Associates, to antic­ipate 2008’s events and navigate them well while others struggled badly.

As he explained in his #1 New York Times best­seller Principles, Ray Dalio believes that most everything happens over and over again through time so that by studying patterns one can understand the cause-effect relationships behind events and develop principles for dealing with them well. In this three-part research series, he does just that for big debt crises and shares his template in the hopes of reducing the chances of big debt crises hap­pening and helping them be better managed in the future.

The template comes in three parts:

1. The Archetypal Big Debt Cycle (which explains the template)

2. Three Detailed Cases (which examines in depth the 2008 financial crisis, the 1930s Great Depression, and the 1920s infla­tionary depression of Germany’s Weimar Republic)

3. Compendium of 48 Cases (which is a compendium of charts and brief descriptions of the worst debt crises of the last 100 years)

Whether you’re an investor, a policy maker, or are simply interested in debt, this unconventional perspective from one of the few people who navigated the crisis successfully, Principles for Navigating Big Debt Crises will help you understand the economy and markets in revealing new ways.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2018 Ray Dalio. All rights reserved. (P)2022 Simon & Schuster, Inc. All rights reserved.

What listeners say about Principles for Navigating Big Debt Crises

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    70
  • 4 Stars
    32
  • 3 Stars
    9
  • 2 Stars
    0
  • 1 Stars
    5
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    65
  • 4 Stars
    15
  • 3 Stars
    12
  • 2 Stars
    2
  • 1 Stars
    1
Story
  • 4.5 out of 5 stars
  • 5 Stars
    56
  • 4 Stars
    29
  • 3 Stars
    5
  • 2 Stars
    4
  • 1 Stars
    1

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Great history lesson

As an economist, this was amazing. This is a must read for investors every where!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars
  • J
  • 01-11-23

An economic world history lesson.

This book is very long, and well done. I think I would need to listen to it several more times to understand it.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

The breath of this study and the depth of his experience and knowledge.

I disagree with some of the policy issues that the author espouses however, he remains consistent to them, He is very thorough in his analysis.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    3 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    3 out of 5 stars

Interesting book

A ton of data, felt like more of a data dump. Also, they should have got someone to read the book that knows the industry…. Drove me nuts each time the reader said bps, instead of basis points… or Ray could have read his book…

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

4 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Another Home Run!

Mr. Dalio has done it again! He hit this out of the ball park. His insights and wisdom shine through this audiobook. By studying the past, we can react to future events.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

A "yearly" must read

Incredible analysis, history, amd context. Ray's books are crucial to a well rounded foundation of markets and their cycles.

The only bummer is the conclusion that bankers never loose, only the proletariat.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    3 out of 5 stars

General overview, not very technical

I would expect some more technical details coming from a billionaire trying to teach others. I would have like to have heard something detailing his investment choices and the winners and losers of those selections and the rationale to buy and then a summary how it worked out. Just a bunch of no specific generalizations.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    3 out of 5 stars

A lot of repetition

The third section of this book was unbearable. Very difficult to follow since the narrator just repeated the same thing 20 times.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Cool

Cool. Some concepts flew over my head but I feel like I get the gist.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    3 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    4 out of 5 stars

History Lessons

Ray is insightful. This book has a few insights but I found it mostly a historical walk through the booms and busts of global economics.
I was wanting more details on financial strategies to make better decisions on investing during the cycles of inflation and deleveraging.
Some reference were made to proprietary their trading model.
It’s a good book, but extremely repetitive towards the end, of the historical boom and busts of the world economies. A rehash of Germany’s WW mass inflation and Hitlers rise to power.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!