One reason Ray Dalio is a billionaire is that he's good at looking at the long-term perspective while others in the finance world are focused on this quarter's performance.

If you want to grasp how debt cycles that last for 30-100 years, then you must read this book.

It's also highly practical for understanding how the 2020s will probably play out.

This is one of the best financial books published. Howard Marks is a financial genius. This is essential reading for anyone in the financial industry or just interested in the subject.

This book's ideal for the reader who has a knack for finance and investing. Ray Dalio provides an in-depth look at three major debt crises starting from the Great depression to the 2008 financial crisis and as I was reading this, I felt like this would make a great reference for research or just an ideal book to read before investing in a huge scale. Thank you Netgalley for the eARC.

Great book about three debt crises that world experienced. Book goes through basics of debt crises and all the phases involved. The three debt crises analyzed were the Great Depression, the German Crises , Post WWI and the 2008 debt crises. Book had plenty of examples supporting positions. Book gives one a good understanding of how and why debt crises happen. I enjoyed book.