Markets2025
How Countries Go Broke
Ray Dalio
Adds a macro lens on sovereign debt cycles, monetary policy, and how systemic risks affect financial assets.
Quotes
Practical lesson: place decisions in cycle context.
Practical lesson: manage position risk before seeking return.
Practical lesson: separate signal from noise.
Practical lesson: prepare for the thesis to fail.
These are practical paraphrases, not verbatim quotations.