Then take a look at "How The Economic Machine Works," an introduction to the economic system by Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates. In the 30-minute clip, Dalio introduces viewers to the nuts and bolts of the world economy and the economic template he adheres to. "The economy works like a simple machine," Dalio begins. "But many people don't understand it -- or they don't agree on how it works. And this has led to a lot of needless economic suffering." Dalio says that while his template is unconventional, "it has helped me to anticipate and sidestep the global financial crisis. And it has worked well for me for over 30 years." In the video, the Bridgewater Associates founder stresses three rules of thumb he'd like you to remember: 1) Don't have debt rise faster than income 2) Don't have income rise faster than productivity 3) Do all that you can to raise your productivity
How The Economic Machine Works
Production: Ray Dalio
Duration: 31:01 min
Subtitles:
Language: English
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