Principles For Navigating Big Debt Crises is a series of 3 books by Ray Dalio, the founder of Bridgewater Associates, a global asset manager and the largest hedge fund in the world. My blog post would be reviewing the first book of the 3-part series. I was interested in this book because I felt that it would be good to learn from the lessons of the 2008 financial crisis (this is covered in detail in Part 2, which includes detailed case studies of the debt crises). I did not experience the 2008 crisis from the perspective of an investor, and the only market correction I’ve experience was during late 2015 and early 2016, due to fears of a hard landing for the Chinese economy, as well as crashing oil prices; and perhaps also early this year as well as the recent volatility in the markets. I believe that as...