What are the Effects of the Capitalism by Bridgewater’s Ray Dalio
The article below is an overview on Ray Dalio, an American businessman and founder of the hedge fund firm Bridgewater Associates, talking about how capitalism acts.
Ray
Dalio is distinguished not only for founding Bridgewater Associates —
the world's biggest hedge fund — or by his estimated net worth of $15
billion, but by his unique business philosophy and his tendency to
explain it at length.
Every Bridgewater employee, for example, is given an exhaustive 120-page manual on Dalio's world view.
In
late 2013, he produced and narrated an animated video that explains
"How the Economic Machine Works" that simplifies the economy as the
interaction of short- and long-term debt cycles over a productivity
growth line. It's since gotten over 1 million views.
It's
an engaging, animated explainer that covers the basics: the
relationship between cash and credit, the government and the central
bank, and inflation and deflation within 30 minutes. It's a great primer
for anyone who could afford to be more financially savvy.
Source: Business Insider
