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Markets2025

How Countries Go Broke

Ray Dalio

Adds a macro lens on sovereign debt cycles, monetary policy, and how systemic risks affect financial assets.

Who should read it

Beginners building a systematic foundation.

Experienced investors reviewing their process.

Readers willing to write and apply, not only seek inspiration.

Do not copy the advice mechanically when your products, legal setting, or time horizon differs from the book's context.