In dieser bemerkenswerten und zeitgemäße︣n Ergänzung zu seiner Principles-Reihe nimmt Dalio die Leser mit auf seine Studie über die grossen Imperien IBM einschliesslich des holländischen, britischen und amerikanischen IBM und rückt den ?grossen Zyklus?, der die Erfolge und Misserfolge...

The striking turnaround in the Netherlands' economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and...

It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...