Ep. 28: Triage, with Ray Dalio

Ray Dalio Founder, Co-CIO and Co-Chairman, Bridgewater Associates “A financial bomb has gone off. And then you have to say, okay, who are you going to help first?...Choices have to be made. The real question is whether we can do that together in a bipartisan way, in a skillful way, because there's enough money and credit to go around and this can be done.” For master investor Ray Dalio, COVID-19 presents a unique opportunity to create greater fairness in our system. The founder of Bridgewater Associates—the largest hedge fund in the world—sees outright threats to the American Dream rising from wage disparities and environmental degradation. Top among his preferred national reinvestments would be the great equalizer: “You want to enable as many people as possible to have equal opportunity [for] education. That's number one. And then establishing a minimum acceptable living standard and poverty level that they can't go below, particularly their children….I think we could do that.”