Econintersect: Legendary hedge fund manager Ray Dalio has developed a simple three part template to describe the “economy machine”. This can be reviewed in the 31 minute minute video selected for this week.
Here is Dalio’s statement about the video:
The economy works like a simple machine.
But many people don’t understand it— or they don’t agree on how it works — and this has led to a lot of needless economic suffering.
I feel a deep sense of responsibility to share my simple but practical economic template. Though it’s unconventional, it has helped me to anticipate and sidestep the global financial crisis, and has worked well for me for over 30 years.
Learn more at Economic Principles.org.