The World's Best Book Summaries
What is Pure Alpha? How does the Bridgewater Pure Alpha strategy work, and why did Ray Dalio establish this fund? Pure Alpha is a fund that Ray Dalio established following some of Bridgewater’s struggles in the 1980s. The Bridgewater Pure Alpha strategy works a little differently than most funds, but it remains one of the most successful funds of all time. Read more about Pure Alpha and how it works below.
What is the RECAP system? How does it help choice architects and how can it help you? The RECAP system is an acronym for Record, Evaluate, and Compare Alternative Prices. It is useful for situations where a lack of information makes good choices challenging. Read more about the RECAP system and its uses, especially with credit cards.
What is IVIG administration? What is IVIG treatment? IVIG administration or IVIG infusion is a treatment for immune disorders. Healthy antibodies from donors are given to a sick patient. See how doctors recommended IVIG administration for Susannah and what the results were.
What happened during the financial crisis to Ray Dalio? What happened to his company, Bridgewater? For Ray Dalio, the financial crisis directly affected his company, Bridgewater. But Bridgewater actually succeeded during the crisis, which drew attention to its business practices. Read more about Ray Dalio, the financial crisis, and Bridgewater’s success.
How did the Constitution support foreign commerce? What is the importance of international trade and commerce? Foreign commerce is an issue covered by The Federalist Papers. A strong Union could better support international trade and commerce than a divided confederacy. Read more about foreign commerce and the position expressed in Federalist 11.
What is Bridgewater’s history? When in Bridgewater history did Bridgewater fail, and how did they recover? In Bridgewater history, Ray Dalio’s company saw both successes and failures. When the company faced a downturn in the 1970,s Dalio had to build the company back up using new tools and strategies. Read more about Bridgewater history and how Ray Dalio build Bridgewater back up after its fall.
What are the Bridgewater tools that the company used? How did these Bridgewater tools help the company succeed? Bridgewater tools are technological tools that the company uses to track success. The tools are meant to be employee friendly and encourage transparency. Read more about Bridgewater tools and how they help the company.
Who approves treaties after they’ve been negotiated by the President? How does the Senate check executive power? Senate treaty ratification power is an important check on the President. Unlike a monarchy, the President cannot unilaterally enter into international agreements. See who approves treaties and why.
Can you work on understanding complex systems using Ray Dalio’s Principles? How can understanding complex systems help you succeed? Understanding complex systems means that you’re able to see your company as a machine, and see yourself as a machine. Thinking in this way helps you tackle complicated problems. Read more about understanding complex systems and why this can help you make good decisions.
Who makes treaties for the US? What does Federalist 69 say about the process? Federalist 69 is about the process of making treaties. The Constitution gives that power to the federal government, with the President negotiating and Senate ratifying. See what Federalist 69 says about who makes treaties.