Conversations with Tyler

Ray Dalio on Investing, Management, and the Changing World Order

Want to support the show? Visit donate.mercatus.org/podcasts When Ray Dalio was 23, President Nixon announced that the United States would no longer be adhering to the gold standard for American currency. Clerking on the floor of the New York Stock Exchange, Dalio expected to see chaos—but instead stocks soared. Curious to understand this phenomenon, he…