With the global stock market volatility in January, now is perhaps the ideal time for an Econ 101 refresh. We recommend this simple and spot on 30-minute version by Ray Dalio, founder of Bridgewater Associates, the world’s biggest hedge-fund firm.

What are the most important takeaways? That downturns in the economy are normal and necessary. That the economy is cyclical: the short term debt cycle and long term debt cycle happen for a reason, and downturns are inevitable. That deleveraging, when done correctly, is a good thing.

At Carlisle Financial Group we’ve been prepared for this period of adjustment by holding more cash than normal to take advantage of lower prices and valuations. Questions? As always, please call (978-505-5799) or email us (info@carlislefinancialgroupllc.com).