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 antic-ipate 2008's events and navigate them well while others struggled badly. As he explained in his #1 New York Times best-seller 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 hap-pening 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
