Today is the launch day for my new book, How Countries Go Broke: The Big Cycle. I wrote this book because I believe now is a critical time when it comes to the global debt burden. I’ve spent a lot of time over the last 50 years as a global macro investor finding the indicators

The person responsible for a decision must be able to explain the thinking behind it openly and transparently so that everyone can understand and assess it. In the event of disagreement, an appeal should be made to either the decision maker's boss or an agreed-upon, knowledgeable

Put your insecurities away and get on with achieving your goals. Reflect and remind yourself that an accurate criticism is the most valuable feedback you can receive. Imagine how silly and unproductive it would be to respond to your ski instructor as if he were blaming you when

What can the former Dutch Empire teach us about the importance of capitalism in driving long-term success?. #principles #raydalio #history #capitalism

They're likely to be more concerned with appearances than actually achieving the goal; this can lead to ruin over time. #principleoftheday

Most people are reluctant to take in information that is inconsistent with what they have already concluded. When I ask why, a common answer is: "I want to make up my own mind." These people seem to think that considering opposing views will somehow threaten their ability to

Being open-minded is much more important than being bright or smart. No matter how much they know, closed-minded people will waste your time. If you must deal with them, recognize that there can be no helping them until they open their minds. #principleoftheday

What happens when a country mismanages its debt?. In 1990, Japanese policymakers decided to deal with its debt obligations by printing a lot of money to buy bonds. They further devalued the currency by giving bondholders significantly lower interest rates than in the US. As a

Most people make bad decisions because they are so certain that they're right that they don't allow themselves to see the better alternatives that exist. Radically open-minded people know that coming up with the right questions and asking other smart people what they think is as

Open-minded people seek to learn by asking questions; they realize how little they know in relation to what there is to know and recognize that they might be wrong; they are thrilled to be around people who know more than they do because it represents an opportunity to learn

Radical open-mindedness is motivated by the genuine worry that you might not be seeing your choices optimally. It is the ability to effectively explore different points of view and different possibilities without letting your ego or your blind spots get in your way. It requires

In 10 years, the US government will be $55-60 trillion in debt (which will be 7-7.5 times government revenue) because there will be $25-30 trillion of additional borrowing. That amounts to about $425,000 of debt per American family. When I calculate the supply and demand for

Being effective at thoughtful disagreement requires one to be openminded (seeing things through the other's eyes) and assertive (communicating clearly how things look through your eyes) and to flexibly process this information to create learning and adaptation.

I’m very happy to learn that my new book, How Countries Go Broke: The Big Cycle was selected by @BNBuzz as one of their Best Business Books of the year. The book conveys what I’ve learned over the past 50 years as a macro investor about the mechanics of how countries go broke —

In addition to your ego barrier, you (and everyone else) also have blind spots—areas where your way of thinking prevents you from seeing things accurately. Just as we all have different ranges for hearing pitch and seeing colors, we have different ranges for seeing and

Wisdom is the ability to see both sides and weigh them appropriately. #principleoftheday

It's like Dr. Jekyll and Mr. Hyde, though your higher-level you is not aware of your lower-level you. This conflict is universal; if you pay close enough attention, you can actually see when the different parts of a person's brain are arguing with one another. To be effective

History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:. 1) The empire can no longer borrow the money to repay its debts.2) It prints a lot of new money, which devalues the currency and raises inflation.3) Living

You need to work with others to accomplish big things, but that isn't always easy, so I wanted to share some of the principles that have helped me deal with conflict throughout my career. #principleoftheday

It is my belief that the U.S. faces an imminent debt crisis. But that doesn’t mean bad outcomes are guaranteed. If our current circumstances are managed in the best ways, the outcomes will be much better than if they are managed in the worst ways. In fact, there is a 3%