Monday, September 23, 2013

How The Economic Machine Works by Ray Dalio

How The Economic Machine Works - Ray Dalio

Dalio began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company.  Dalio received a BA from Long Island University and an MBA from Harvard Business School.  He is also called as a Steve Jobs of Investing.  He practices the Transcendental Meditation technique.

Economics 101 - Ray Dalio, Founder of World's largest hedge fund, Bridgewater Associates  explains economy in the most simplest and most interesting way.  This video is a must see for anyone and everyone who wants to understand how economy works.  I highly recommend this video for young kids.  Lot of complex and boring concepts about Credit - Debt, Bank, Central Government, Lender - Borrower,  Earning - Spending,  Productivity Growth, Cycle, Consumer, Money, Business,  Asset - Liability,  Loans. etc. explained in a simple to understand video.