How The Economic Machine Works
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, “How does the economy really work?” Based on Dalio’s practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
By: Principles By Ray Dalio | From: Youtube.com/PrinciplesByRayDalio
About Ray Dalio
- Ray Dalio is the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which manages $124 billion.
- Dalio retired as co-CEO of Bridgewater in 2017 and stepped away as chairman and co-chief investment officer in 2021 and 2022, respectively
- Dalio grew up in a middle class Long Island neighborhood and started playing the markets at age 12, getting tips from golfers for whom he caddied.
- In 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.
- Dalio has given more than $1 billion to philanthropic causes. His Dalio Philanthropies has supported microfinance and public education.
Wealth History
It’s impossible to separate economics from managing money. Doing economic research makes me a better trader.
Ray Dalio
By: Forbes Magazine | From: Ray Dalio Profile