Ray Dalio is the founder and co-chief investment officer of Bridgewater, the largest hedge fund in the world. He’s one of the 100 richest people on Earth. He’s also a best-selling author.

In today’s episode, Zachary Crockett chats with Dalio about his latest book, “The Changing World Order,” which uses a historical lens to examine why empires rise and fall — and why the US may be showing some signs of decline.

We cover a range of topics about the economy and Dalio’s life, including:

The 3 biggest issues America is facing right now

What’s driving the debt crisis

The growing wealth gap (and what we should do about it)

Thoughts on inflation and an impending recession

What to invest in during times of volatility

Whether or not crypto can become a reserve currency

Dalio’s worst failures as an investor

Common traits of successful people

The role luck plays in reaching the top

How Dalio helped McDonald’s launch chicken nuggets

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