Commonwealth Club Of California Podcast

Today’s economy is painted by headlines as hectic, turbulent and uncertain—reports of massive debt, fluctuating interest rates, and widespread money printing abound. Yet to legendary investor and acclaimed financial innovator Ray Dalio, this is all part of a pattern—one that has been occurring repeatedly throughout the past 500 years of global economic history. Ray Dalio is the founder, co-chief investment officer, and chairman for Bridgewater Associates, the world’s largest hedge fund by assets, as well as a leading expert in investment philosophy, corporate management and author of the #1 New York Times bestseller Principles. In his latest book, Principles for Dealing with the Changing World Order, Dalio provides insights from more than half a century of studying the history of the world economy and its ties to the rising and falling of great powers—and how they fit into a “Big Cycle” that has persisted and is at work in the present day. His findings are that the times ahead will be unlike any we've faced i