How The Economic Machine Works by Ray Dalio

Ray Dalio is the biggest, and one of the most successful, investors in the world. He has been called the “Steve Jobs of investing.” He has also been likened to a cult leader, for creating a corporate culture that demands radical honesty of his employees, including the insistence on recording every single conversation had in the company.

However, the guy manages over $120 billion dollars, is looked to by central banks and world leaders as an oracle, and his top fund has posted 18% annual returns over the last 20 years. In other words, when this guy wants to teach us about how the economy works, we should listen.

Here, Dalio shares his understanding of the economy, human nature, and hints at how it allows him to be a successful investor in this simple, well-illustrated 30 minute video.