What You'll Learn:

Bridgewater Associates is among the largest and most successful hedge funds in the world. Bridgewater’s founder, Ray Dalio, wrote this book after noticing the simultaneous convergence of factors that we haven’t seen in our lifetime, a convergence that will produce outcomes we’ve never encountered. Most investors move assets based on what they’ve experienced in their lifetime. Very few will glance backward to the mid-20th century. To Dalio’s knowledge, he’s the only investor who ventures back into history far enough to discern the overarching cycles that have defined nations and economic systems over the centuries. After researching the rise and fall of empires across history, Dalio locates the world’s current empires in the empire life cycle, and describes how to plan and invest accordingly.